When are the victims going to start getting significantly compensated for these breaches?

They will keep happening as long as the consequences are just the cost of doing business.

It will be when enough people elect enough politicians who take action against this weaponized incompetence and strip-mining of the peoples' assets.

Or, if that does not happen, when enough people rise up in revolution and take the compensation for themselves.

Or, never.

If enough people vote enough or revolt enough, they cannot be stopped. But the incentives for too few people rising up are too costly. They work hard to keep the equilibrium in that balance.