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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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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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