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Korea raises data breach fines to 10% of revenue

339 points · 115 comments · throw7

  1. augment_me · · focus · HN ↗
    You can just do what my university did, hire a small shell firm with 3 employees to hold all your data, and when it got hacked they just went bankrupt and we switched to a new shell firm with similar form and function.

    Minimizes money usage and does not require any security investments

    1. dmos62 · · focus · HN ↗
      That's legal?
      1. EA-3167 · · focus · HN ↗
        Sure, but the real question is, "Will a judge not immediately see through this and punish them accordingly in any realistic case?"

        Sort of like EULA's a lot of the "value" is incredibly theoretical.

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