Garbage. It doesn’t punish them, hold them accountable, or force them to improve their security practices.
Every breach like this should automatically require a $100 cheque to every affected account holder. Two nillion accounts compromised? $200M is a real consequence.
Time for a lawsuit.
Since the presence of a TV in your house is a commercial benefit for the companies who make them, AND you do not actually have control over them, it is clear that the ‘sales contract’ was fraudulent and part of a bad-faith act on the manufacturers’ part.
So I say a class-action lawsuit is in order: Each person who bought (say) an LG TV gets back 100% of their purchase price, plus some reimbursement for being spied on - probably a per-month amount. Then LG has to pay a punitive fee on top of their payouts to customers.
I know that everyone is screaming “that will never work!” and “They’ll go bankrupt!” I don’t care - SOMETHING has to change to remind these evil fuckers that they need our business, or the abuse will just ramp up.
Bankrupt them all. Tear down the entire industry. Tear down the entire economy and start again from scratch if that’s what it takes.
If they can’t be reined in legally, then it will happen illegally - and probably violently.