Earlier quoted context omitted.
Going to play the devil’s advocate. If you fine Facebook, you have to fine the small companies too, and even individual developers developing OSS, since the law should apply to everyone equally. Of course the fines have to be proportional to the number of affected users. So would you like a fine for your bugs? And note that contrary to other professions, software development doesn’t have generally agreed recipes for…
Absolutely. Fine everyone into the ground. Doesn't look like there is any other way to make people take security seriously. I'm not a fan of the overregulation of industries like aviation, but consumer software has gone too far in the other direction and is long overdue for an adjustment.
Does it ... kill people? Does it enforce bad policies like the healthcare industry did for the past couple of decades, causing an epidemic of obesity, diabetes and heart disease, which are the top causes of death?
Yeah, regulation there definitely helped /s