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Eh, while this happens its getting rarer and rarer. Execs know that if a cybersecurity issue is brought to them they kinda have to take it seriously (in 2020 an

• mandelbrotwurst 7y ago
  Well, risk being the next Equifax, not necessarily BE the next Equifax. If taking on that risk gives someone a 90% chance at a massive comp boost and a 10% chance at a more negative outcome where they're likely still well compensated, many execs would consider that.
• twinkletwinkle_ 7y ago
  What exactly happened to Experian? Their stock is up almost 100% since the breach announcement, and no one went to jail. If I were an executive looking to Experian as an example I would conclude that the market as a whole does not care about security.
  • jaywalk 7y ago
    Experian is a pretty unique case, because the people whose data they lost (you and I) don't have a choice to not do business with them. And the people who actually do have a choice (businesses) realistically don't have a choice either.
  • donarb 7y ago
    It was Equifax that had the data breach, not Experian. Equifax was fined $700 million. Experian benefitted from the breach though since Equifax provided Experian credit monitoring services to those whose data was released. Equifax stock has gone up since the 2017 data breach, though because consumers are not customers of Equifax, it's banks and lenders who are not concerned with data they don't control. If hackers had broke into Equifax and changed people's credit scores, the banks might have been a bit more concerned.
    • LiquidSky 7y ago
      >Equifax was fined $700 million. The equivalent of a regular person having to give up the coins they found in their couch cushions.