What company has ever been seriously harmed by a security breach?
I'm clearly a bit nihilistic, but I've never seen a case where it matters. If a company leaks the information of millions of people there is, at most, a small financial cost and stock prices keeps going up.
Maybe that's true once companies are too big to fail or avoid. But small companies may face existential risk [0]. Even big companies like Sony can lose a lot of money despite recovering in the long term.
I'm clearly a bit nihilistic, but I've never seen a case where it matters. If a company leaks the information of millions of people there is, at most, a small financial cost and stock prices keeps going up.