Data Breach Legislation & Regs. Carrot & the Stick. The Stats & The Regs.

What do you need to know about data breaches?

• 93% could have been prevented according to the Internet Society Study
• breaches cost the US $500 billion per year

The carrot & the stick:

• Increase the accountability of entities that hold data
• By requiring the entities to shoulder more of the cost of a breach
• Allow these entities to offer “credible security signals to the market” to provide a benefit to the entity

Tech Crunch | The carrot and stick of data breaches