Re: Here's an idea
It would be included in "Due Diligence" type legislation. Have you assessed all the risks?
You don't have to do it yourself, but you need to ensure that (a) someone is doing the checks and (b) check and act on the results.
Here is a reminder: Personal private information is a property of the person concerned. If you release it, even through accident or omission, you've taken something from them. You've taken the integrity of the information and my right to disclose it or not. Its the same as if you had lets someone charge their credit card without permission. It is theft.
One cannot run a business without financial due diligence. Not just about making a profit - one can run at a loss. What you can't do is run a business knowing that the bills can't be paid. There is a word for that, Fraud. So, neither can you run a business knowing that there are significant risks to customer's personal data. I think we need a new word - PI3 (Personal Information Integrity Idiot). Suggestions welcome.