3 ms·
One of the problems with this idea is, that you can do your due diligience, use state of the art security, and still lose. Also liability is interesting: Accor
by ketzu 6y ago
One of the problems with this idea is, that you can do your due diligience, use state of the art security, and still lose.
Also liability is interesting: According to [1] banks are not liable for contents of lockers. According to [2] banks might be liable for ATM robberies though, if there is not a resonable amount of security (camera, lighting, ...). It's quite an interesting topic.
There are also quite a few followup questions: Does a company that had a databreach have recourse against the software vendors? Are open source developers liable when there was a bug leading to a databreach? (I assume "no liability" licencese might be void in this case?) Is an social engineered or phished employee personally liable?
It might have far reaching consequences, and it's interesting to think about them.
[1] https://www.financialexpress.com/money/bank-locker-theft-rbi-says-lenders-not-liable-for-loss-of-contents-heres-how-you-can-you-keep-your-valuables-safe/735815/ https://www.financialexpress.com/money/bank-locker-theft-rbi...
[2] https://www.hg.org/legal-articles/can-banks-be-held-liable-for-atm-robberies-51874 https://www.hg.org/legal-articles/can-banks-be-held-liable-f...