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>The risk is the business uses capital to acquire stock and defend against these attacks which is the right tactical thing to do. The right tactical thing to d
by pliny 10y ago
>The risk is the business uses capital to acquire stock and defend against these attacks which is the right tactical thing to do.
The right tactical thing to do is for the company to manipulate it's own share price, so that after news breaks that they're selling defective products their share price won't go down?
>The real danger though is hackers making secret deals with nefarious hedge funds to attack hard so the company can't defend. Can you imagine if someone made a wide scale assault against a company who's revenue was based purely on its cloud revenue?
That might be 'a' real danger, but what you're describing is already illegal and it also doesn't require a hedge fund, you can just demand money directly from the company because you're already committing a crime.
What happened in this case is that a hedge fund made a deal with a firm that did research into a company's products and found that they were defective, the disclosure and the impact of the disclosure on the share price is the best possible outcome.
- blazespin 10y agoWow, no. Of course a company will buy its shares if it sees it irrationally going down. Especially in terms of a vuln which could impact its rep. Finally you want to discourage hackers from profiting off,of,this nonsense. Blackmailing a company directly is near impossible. Secret deals with a hedge fund are hard to track.
- jessaustin 10y agoOf course a company will buy its shares if it sees it irrationally going down. Well maybe if they have a load of extra cash laying around. If they're in the midst of a big recall while trying to keep the rest of the business going, that may not be the case.