In times like these, we need to stand up and show that we will not be intimidated by such atrocious acts. The cost to our civil liberties is not worth the price paid, especially when we will not be any safer with it.
If the government really wanted to make a difference, it would properly penalise companies that underinvest in security and lose people's information with little to no impact. It would not ask them to increase the data they are holding about individuals. Holding more data about individuals will make subsequent data losses catastrophic to their everyday lives.