Getting a company to publicly announce a breach is hard today. Your suggestion would make it even harder, and more data breaches would be kept from the public because of the consequences.
I would rather know that a company messed up and change my password, than not knowing
How? Disclosure should already be legally required--class-actions and lawsuits should already be a thing. The Have I Been Pwned data sets aren't volunteered by these companies. It's a catalog of leaked data.
The class-action response of "identity monitoring" is nonsense. More companies, if they can't afford to or don't want secure data, shouldn't collect it or should aggressively purge it. User data should be a liability.
I'm not sure, the effect would be to increase the riskiness of nondisclosure. If you disclose and get fined, that would be bad, but if you don't reveal and the penalty for nondisclosure is bankruptcy for the company and all its executives, that would be worse.
Only get a couple bucks from these class action lawsuits - give ‘em a 15% discount or something if they own up to it publicly, I don’t mind getting $18 instead of $20
Getting a company to publicly announce a breach is hard today. Your suggestion would make it even harder, and more data breaches would be kept from the public because of the consequences.
I would rather know that a company messed up and change my password, than not knowing