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If you start with the accounting assumptions that work on security is a cost, and storing of private data is not a liability then all the actions are rational
by dv_dt 8y ago
If you start with the accounting assumptions that work on security is a cost, and storing of private data is not a liability then all the actions are rational within the narrow scope of profit optimization. (I'm not in agreement of this, but it seems to be true). Equifax holds these assumptions even more strongly because their fundamental existence is founded on monetization of private data.
- nawtacawp 8y agoThis afteraction also validates breaches are not a liability, in the end their sharevalue recovered nearly immediately.
- rorykoehler 8y agoData is always a liability unless it is the core component which drives value in your business (ie you are Google or Facebook).