From: Channelnomics
Pricey government fines will force management to think security
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During the teleconference, Randy Milch, CLS distinguished fellow and former GC of Verizon, said the U.S. government is now aiming to incentivize organizations to ensure they have good security.
What this means, according to Milch, is the government will send a federal or state regulator to investigate hacked companies, decide if they took the proper precautions and fine those found to have used “inappropriate” practices “multiple millions of dollars”.
This will affect company heads, he added.
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