Tbh, you’re probably right. It’s the same reason that solar finally is seeing an uptick, and how cryptography works. Solar makes financial sense now, and cryptography is all just about how much money you would need to spend to crack a password.
Comment on LinkedIn fined $335 million in EU for tracking ads privacy breaches
NaibofTabr@infosec.pub 3 weeks agoThing is, if the profit is high enough and the golden parachute is good enough then a business could probably find someone to take the fall as the CEO for them. Losing the CEO won’t end the business or their exploitative behavior.
kambusha@sh.itjust.works 3 weeks ago
P1nkman@lemmy.world 3 weeks ago
Board of Directors. Entire C-suite on trial. People with 10% or more ownership of shares. That would change things.
Oh, emails were deleted and couldn’t be recovered? CTO is at fault. Skip start, go straight to jail.
NaibofTabr@infosec.pub 3 weeks ago
Well… look, I’m all for punishing white collar crime, we should do more of that, but I’d much rather incentivize preventing this kind of thing in first place than punishing people after the fact.
Taking away the revenue (remember revenue means all the income, not just the profit) from criminal behavior does that, because it means the business risks financial collapse.
For instance, in this case if LinkedIn’s EU ad sales department violated EU law, then all revenue from the EU ad sales department should be forfeit, for the entire time period during which the violation occurred.
This would be a lot more effective than threatening rich people with jail time, because rich people can always make a deal to serve their time in a nice facility or house arrest or something. Instead, we threaten to wipe out the business financially.
P1nkman@lemmy.world 3 weeks ago
Oh, I totally agree, but if we use the example in the article, how would the EU be able to prove LinkedIn’s revenue? These companies are shifting their money around so they don’t have to pay tax.
NaibofTabr@infosec.pub 3 weeks ago
Ah, hah, I’m glad you asked, I have thoughts on that too.
Auditing. The government (every government) should employ a team of auditors. In a case like this, the auditors will be attached to the offending company for the purpose of reviewing their operational and financial records. The auditors will be part of (inside of) the company operations for as long as it takes to untangle the details and assess the total sum of revenue gained from the illegal activity, and if that interferes with running the business well that’s too effing bad.
While the auditing is ongoing, the company will be responsible for paying the auditors’ salaries and expenses, and providing office space and whatever other resources they need. There will also be a representative of the auditors assigned to the executive board, present at all board meetings, with voting and veto privileges. Effectively, the company is on probation and under observation until their debt is paid. Any other violations discovered during the audit will result in additional prosecutions.
If the company finds this too burdensome, or if they have tried to obfuscate their records, then they can simply forfeit the revenue of the entire department/operational area in order to expedite the audit.