[clintonb]

What does it mean for the industry to self-regulate? How do you define industry? Is it telecoms, or all tech companies?

Self-regulation has failed because the cost of a data breach remains relatively low compared to implementing security measures, at least on the surface.

[photon12]

Regulation generally is targeted at preventing consumer harm. Self-regulation is the practice of appropriately mitigating consumer harm. I mean mobile subscription providers here by "industry."