Elizabeth Warren Introduces Bill That Could Hold Tech Execs Responsible For Data Breaches (theverge.com)

On Wednesday, Sen. Elizabeth Warren (D-MA) introduced a new piece of legislation that would make it easier to criminally charge company executives when Americans' personal data is breached. From a report: The Corporate Executive Accountability Act is yet another push from Warren who has focused much of her presidential campaign on holding corporations and their leaders responsible for both their market dominance and perceived corruption. The bill, if approved, would widen criminal liability of "negligent" executives of corporations (that make more than $1 billion) when they commit crimes, repeatedly break federal laws, or harm a large number of Americans by way of civil rights violations, including their data privacy. "When a criminal on the street steals money from your wallet, they go to jail. When small-business owners cheat their customers, they go to jail," Warren wrote in a Washington Post op-ed published on Wednesday morning. "But when corporate executives at big companies oversee huge frauds that hurt tens of thousands of people, they often get to walk away with multimillion-dollar payouts."

Comments

Sounds a bit like a SARBOX bill but for privacy...

[CFD339]

SARBOX makes executives personally responsible for the accuracy of the financial data they put out. This has made them get serious about the source of that financial data within their own company. Maybe a bill like this would help with privacy the same way.