Data from Experian breach found on the internet
Given the amount of personal data now being held not only by credit companies, but also big tech, it seems like the liability for data breaches needs adjusted.<p>If a companies main asset is their data, that means that you can ascribe a value to each person&#x27;s data that they hold. If your data is stolen, they should be on the hook for value of that data to each of the people whose data was stolen.<p>They need to stop being able to value the data at the cost of credit protection service on the liability side while booking value significantly higher on their assets ledger. This would encourage them to be much more careful in both protecting the data and mitigating breaches versus the current blase approach.