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Another day, another massive data hack:

Capital One, the Virginia-based bank with a popular credit card business, announced Monday that a hacker had accessed about 100 million credit card applications, and investigators say thousands of Social Security and bank account numbers were also taken….The hack appears to be one of the largest data breaches ever to hit a financial services firm. In 2017, the credit-reporting company Equifax disclosed that hackers had stolen the personal information of 147 million people. Last week, it reached a $700 million settlement with U.S. regulators over that breach.

You know what would put a stop to this? Put in place statutory damages for every personal record hacked. No excuses, no safe harbors. If you lose the records, you pay. I’ll be nice and suggest $100 per record.

I’ll tell you this: if Capital One had to pay $10 billion because of this hack, they’d take security a helluva lot more seriously. What measures would they put in place? I don’t know, but I know that after an endless pity party about how this would be totally unfair and there was nothing they could do and it would put them out of business—well, then they’d magically figure something out. That’s always how it works.

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FOLLOW THE MONEY

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And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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