The biggest unintended consequence I see is that more tech businesses will have to charge for their service rather than make money in opaque ways.
Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
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Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#92I'm fine with fines, but I hope prison time is restricted to intentional and malicious illicit behavior and not anything due to neglect or oversight. I'm not a fan of people being put in cages unless they're violent or have ruined people's lives intentionally.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#93Earlier quoted context omitted.
No it’s not. People should be jailed for messing with other people’s lives. Don’t gather data if you can’t protect it.
The part that scares me that management could held legally accountable for a mistake of a developer.
That's already sort of the case in the investment management world with trading algorithms. Axa Rosenberg comes to mind. When that case first came down a lot of people were weary of how that relationship between the PM and the programmers would shake out. For the most part it's been okay. PMs were required to become a bit more familiar with what the tech guys were doing and allow a little bit more oversight into the process so that the programmers had time for a maker/checker process as opposed to coding it all in as fast as they could and hoping they didn't make a mistake.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#94The biggest unintended consequence I see is that more tech businesses will have to charge for their service rather than make money in opaque ways.
That would be a very positive consequence.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#95I'm fine with fines, but I hope prison time is restricted to intentional and malicious illicit behavior and not anything due to neglect or oversight. I'm not a fan of people being put in cages unless they're violent or have ruined people's lives intentionally.
It is. Read Sec 5.(d).
It's not like people will be thrown in prison because their DB wasn't patched quickly enough. They have to knowingly and intentionally lie to the federal government in an annual report.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#96PDF Full Text : https://www.wyden.senate.gov/download/11012018-wyden-privacy...
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#97The biggest unintended consequence I see is that more tech businesses will have to charge for their service rather than make money in opaque ways.
That's not a bad thing.
The big tech companies are edging towards complete monopolies in their spaces and a significant part of this is that they know everything and they're allowed to leverage that data. Why would you go to anybody else to advertise? Unbundling this, making advertising harder again will spread out the budget, probably push more towards publishers rather than networks. Again, not a bad thing.
It also means that new players get to compete. It's been very tough to compete with similar services on price when the incumbents can operate at zero "cost".
Not having your data traded under the table is just gravy.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#98Would these rules also apply to NSA/CIA misuse of surveillance?
There have been a handful of prosecutions (and many hundreds of firings) for misuse of the FBI's NCIC database by law enforcement officials. For instance, ex-NYPD Sergeant Joseph Dwyer was convicted of conspiracy in federal court in 2016 for selling information from NCIC to private defense investigators. Personally, I believe this kind of breach-of-trust should be prosecuted much more vigorously. But besides the fear…
Of course, but it shouldn't be up to them.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#99Earlier quoted context omitted.
Europe does not have anything comparable to Silicon Valley, and heavy regulations are often cited as making it hard to do business there.
Yet they still seem to find a way. That tells me the regulations aren't as onerous as some businesses would have you believe.
Who is "they"? Sure there are some companies, but clearly nothing like SV.
Re: Prison time, hefty fines for data privacy violations: draft U.S. Senate bill
#100Earlier quoted context omitted.
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.
I hear this a lot and have never had anyone explain what laws were broken by those executives.
Fraud. The ratings agencies lied about the credit worthiness of the mortgages that they bundled.