Good point, although the report states 3 billion user accounts were breached but this doesn't mean 3 billion people. I am guessing the vast majority of accounts did not contain any sensitive information.
And maybe insurance isn't the right word; the risk should probably fall to the company holding the data, not a third party who would never be able to audit every single step to ensure there is no weak link.
And maybe insurance isn't the right word; the risk should probably fall to the company holding the data, not a third party who would never be able to audit every single step to ensure there is no weak link.