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Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

reuters.com

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Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

#42

Post by tareqak »

mchannon wrote: post #25
tgsovlerkhgsel wrote: post #21

Earlier quoted context omitted.

Prison time for executives is the only thing that gets taken seriously. Fines to executives can just be paid by executive insurance, and unless you crank them up to 4% of global revenue like GDPR, fines to the company will likely simply become cost of doing business. But threaten the executives with prison, and they'll suddenly make sure that the company complies with the law. I bet e.g. SOX would be taken a lot less…

Easily disproven. The 2008 crash is full of executives who did not comply with the law, and did not take the threat of prison seriously. I think to this date you can count the number in prison on two hands, and most of those were more foot soldiers than masterminds.

Maybe there needs to be consequences for selective law enforcement and/or selective prosecution?

Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

#44

Post by mcbutterbunz »

alexS wrote: post #26

This is going to make it impossible to start a startup. We need to organize a movement against this.

I’m reading the text of the bill and, so far, it appears it targets only large corporations with 50mil annual revenue and 100,000+ consumer data.

I don’t think start ups will be affected.

Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill

#49

Post by bdcravens »

paulsutter wrote: post #32

Would these rules also apply to NSA/CIA misuse of surveillance?

"...grant the Federal Trade Commission authority to write privacy regulations."

I presume the FTC doesn't have authority over the NSA/CIA, so no.

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