The SEC and FTC impose huge fines for data breaches to deter companies from over-investing in data protection.

Name: The SEC and FTC impose huge fines for data breaches to deter companies from over-investing in data protection.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The SEC and FTC impose fines for data breaches to incentivize companies to invest in data protection, rather than to deter them from over-investing in it. The fines are also intended to hold companies accountable for failures to protect consumers' personal information.

The SEC and FTC Impose Huge Fines for Data Breaches