This feels like a really odd way to incentivize data breaches and/or not reporting data breaches.
Um, I think it does the opposite of what you are suggesting - this aims to reduce data breaches and incentivize people to prevent these breaches.
If 10% of revenue is still cheaper than building secure systems ...Perhaps what would help is a progressive system, where you'd pay 20% the next time.
ggarnhart · · focus · HN ↗
Retro_Dev · · focus · HN ↗
amelius · · focus · HN ↗
Perhaps what would help is a progressive system, where you'd pay 20% the next time.