Class action lawsuits usually end up with settlements where the offender pays much less than the harm they caused, and those harmed get almost nothing. Even if it does go all the way to a court verdict, the sentence is usually insufficient. And the process is long and expensive.
I don't really know what the solution is, but the current system clearly isn't working. And I don't think it was really designed for the scale of mega corporations with hundreds of thousands or even millions of customers.
And this mechanism is pretty ineffective.
Class action lawsuits usually end up with settlements where the offender pays much less than the harm they caused, and those harmed get almost nothing. Even if it does go all the way to a court verdict, the sentence is usually insufficient. And the process is long and expensive.
I don't really know what the solution is, but the current system clearly isn't working. And I don't think it was really designed for the scale of mega corporations with hundreds of thousands or even millions of customers.