> For example, Business A has a competitor startup B who has less resources to hire security consultant. Business A hence hired person C to register the service provided by B with a weak password and hire D to breach C's account. C claims that he has been hacked, so he brings startup B to court. B goes bankrupt because it runs out of money to hire lawyers.
You use your knowledge or regulation to read and make decisions. If you don't have the required experience,
> How do I know I have required experience (what experience is required is not said in the regulation text)? I know md5 is insecure and you need salting on password. I'm self learned, garage based entrepreneur with $1000 in my bank to either buy food or hire a consultant, is that required experience?