I agree with the core idea, avoid saving info so you can't ever leak it. I personally think our legal framework should be based on consequences to encourage this mentality more. If you are hacked I don't care even a little that you did everything right, I just care that my information got taken. You should be held liable even if you did what the industry thought was right.
I agree with the sentiment here, but I'm not sure how that could ever really be implemented. Our laws shouldn't punish people for honestly doing the best they know how to, especially with a caveat that it doesn't matter if it was industry standard. Not only is that confusing and at serious risk of punishing all the wrong people, it creates incentives to help hack your competition and throw them to the legal wolves.
Sure, but holding on to data you do not strictly need is not doing the best