The "Hidden" Cost Of Privacy

Posted by ScuttleMonkey on Monday June 15, 2009 @04:57AM from the if-you-can't-handle-it-get-out-of-the-business dept.

Schneier points out an article from a while back in Forbes about the "hidden" cost of privacy and how expensive it can be to comply with all the various overlapping privacy laws that don't necessarily improve anyone's privacy. "What this all means is that protecting individual privacy remains an externality for many companies, and that basic market dynamics won't work to solve the problem. Because the efficient market solution won't work, we're left with inefficient regulatory solutions. So now the question becomes: how do we make regulation as efficient as possible?"

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Shoot CEOs and CTOs on data breach. by Seth+Kriticos · 2009-06-15 05:59 · Score: 0, Flamebait

This might sound a bit draconian, but why not simply execute any CEO & CTO of companies / organisations that encounter major data breaches which could have been avoided (determined by an investigation)? That sure would improve the situation. (OK, large scale personal fines would also do).