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Less common with things that are directly "customer passwords", but common with other credentials and customer data. Those laws require reporting about breaches and I know I get notifications about breached data somewhat often.

Keep in mind, a good first step to improving security is to hire a pentester. So pentesters have a unique view into companies that are trying to improve. Often the starting place is quite poor. When I leave those contracts, to my knowledge, they are all on track to fix these sorts of defects.



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