Comment by pixl97
The particular problem comes in because the amount of data lost tends to be massive when these breaches occur.
It's kind of like the idea of robbing a minute from someone's life. It's not every much to an individual, but across large populations it's a massive theft.
Sure and if you pay a statutory fine times 10 million then it becomes a big deal and therefore companies would be incentivized to protect it better the larger they get.
Right now they probably get some near free rate to offer you credit monitoring and dgaf.