Comment by baxtr - Hacker Neue

PII data breaches, especially PHI data can lead to high financial losses, mostly in the US through litigation. Fines in the EU are low in comparison.

Companies don’t like to talk about this, and they bury these costs deep down in their financial statements. But trust me, they’re quite substantial.

If that's true, then stock prices should reflect that. But that's not what we see after major PII breaches at publicly traded companies.

So you have seen the failure of Apple’s car project in their stock price?

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