3 ms·

Is it the same for small and medium sized company though? We spend quite a lot on infosec with the premise that a breach could put us out of business since we c

Is it the same for small and medium sized company though? We spend quite a lot on infosec with the premise that a breach could put us out of business since we can't afford to tarnish our reputation and loose key clients. Though I kind of agree that with Equifax and Facebook there weren't much consequences, to me they fall into the (unfortunately) too big to fail category, ie. most of Facebook members don't care and banks still need the credit score and there aren't much competition in that sector.

moltensodium 7y ago
My post is obviously sardonic to some extent, there are lots of situations where you need to worry about security. I think I'm just more angry about these "too big to fail" companies that are apparently immune from any oversight or consequence today. We should really just convert the FTC building into a homeless shelter and fire all employees, they have done absolutely nothing for decades so this would be great way to actually use the space effectively.
- pas 7y ago
  Did nothing? Oh no, don't forget the great service to the nation represented by the recently approved T and Sprint merger!
TeMPOraL 7y ago
Depends on the market. Do your clients talk to each other? In a small market with few potential customers, reputation loss could kill you. OTOH if you sell to general population, then even a scandal involving you being featured on national TV won't hurt your company directly (related lawsuits might, though).
howard941 7y ago
> they fall into the (unfortunately) too big to fail category They're absolutely not too big to fail. Equifax or FB? Other than the unfortunate employees and their families, does anyone give a shit? No. No one suffers. To the contrary, thinning sick herd members helpfully invigorates the health of the surviving individuals. What these organization are are in too many pockets to be too big to jail. It's a trope but it's a fact, Jack Edits for herd reference and reduced snark
- asark 7y ago
  The failure of Facebook might well be stimulative to employment and the economy. Imagine the wave of startups and new initiatives from other companies trying to compete in all the areas Facebook's in now. And unlike banks no significant part of the broader economy is at risk if facebook.com and instagram.com start 404ing forever tomorrow. A hiccup in the "influencer" economy, such as it is, which is negligible anyway, and they'll all have new homes one place or another (or several) inside a week and be building their followings back up. And yeah, ditto Equifax. There are two other credit agencies already. They're all same-ish as far as I can tell. Pretty sure there are only three so they can pretend there's competition, not for any actual purpose. Again, it might be an opening for a new competitor anyway, while causing minimal short-term harm.
  - NoodleIncident 7y ago
    That just sounds like breaking windows to ensure more work for glassmakers to me. You're also ignoring the value Facebook ads provide to every business who advertises on that platform.
    - howard941 7y ago
      The shattering noise is the sound of self breaking windows.

moltensodium 7y ago

My post is obviously sardonic to some extent, there are lots of situations where you need to worry about security. I think I'm just more angry about these "too big to fail" companies that are apparently immune from any oversight or consequence today. We should really just convert the FTC building into a homeless shelter and fire all employees, they have done absolutely nothing for decades so this would be great way to actually use the space effectively.

pas 7y ago
Did nothing? Oh no, don't forget the great service to the nation represented by the recently approved T and Sprint merger!

TeMPOraL 7y ago

Depends on the market. Do your clients talk to each other? In a small market with few potential customers, reputation loss could kill you. OTOH if you sell to general population, then even a scandal involving you being featured on national TV won't hurt your company directly (related lawsuits might, though).

howard941 7y ago

> they fall into the (unfortunately) too big to fail category They're absolutely not too big to fail. Equifax or FB? Other than the unfortunate employees and their families, does anyone give a shit? No. No one suffers. To the contrary, thinning sick herd members helpfully invigorates the health of the surviving individuals. What these organization are are in too many pockets to be too big to jail. It's a trope but it's a fact, Jack Edits for herd reference and reduced snark

asark 7y ago
The failure of Facebook might well be stimulative to employment and the economy. Imagine the wave of startups and new initiatives from other companies trying to compete in all the areas Facebook's in now. And unlike banks no significant part of the broader economy is at risk if facebook.com and instagram.com start 404ing forever tomorrow. A hiccup in the "influencer" economy, such as it is, which is negligible anyway, and they'll all have new homes one place or another (or several) inside a week and be building their followings back up. And yeah, ditto Equifax. There are two other credit agencies already. They're all same-ish as far as I can tell. Pretty sure there are only three so they can pretend there's competition, not for any actual purpose. Again, it might be an opening for a new competitor anyway, while causing minimal short-term harm.
- NoodleIncident 7y ago
  That just sounds like breaking windows to ensure more work for glassmakers to me. You're also ignoring the value Facebook ads provide to every business who advertises on that platform.
  - howard941 7y ago
    The shattering noise is the sound of self breaking windows.