Elizabeth Warren proposes jail time for CEOs to hold corporations accountable for data breaches

Elizabeth Warren proposes jail time for CEOs to hold corporations accountable for data breaches
Elizabeth Warren (Image: YouTube screen grab)

[Ed. – By that same line of reasoning, shouldn’t members of Congress be forced to do jail time for data breaches that occur under their watch?]

Democratic presidential hopeful Elizabeth Warren on Wednesday proposed jailing executives responsible for massive data breaches.

Citing the colossal Equifax breach that compromised the personal records of nearly 150 million Americans in 2017, the Massachusetts senator recommended imprisonment for CEOs as part of a legislative proposal meant to hold corporations accountable.

Ms. Warren’s bill, dubbed the Corporate Executive Accountability Act, calls for expanding existing criminal liability to negligent executives of corporations with more than $1 billion in annual revenue that are found liable “for the violation of any civil law if that violation affects the health, safety, finances or personal data of one percent of the American population or one percent of the population of any state.”

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First-time violators would face up to 12 months in prison under Ms. Warren’s bill, and repeat offender would risk up to three years if the proposal succeeds.

“Corporations don’t make decisions, people do, but for far too long, CEOs of giant corporations that break the law have been able to walk away, while consumers who are harmed are left picking up the pieces,” Ms. Warren said in a statement. …

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