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I disagree. For every Mossack Fonseca, Mernis, Equifax, Twitter, LinkedIn, Ashley Madison we get public hacks from I think we have many more that see it as "the

I disagree. For every Mossack Fonseca, Mernis, Equifax, Twitter, LinkedIn, Ashley Madison we get public hacks from I think we have many more that see it as "the cost of doing business" and keep bad practices around. In many types of businesses the cost of a security breach is "priced in" or not considered at all and they are gambling on it happening to their competitors (or not at all) instead of to them.

shadowgovt 6y ago
I think we are in agreement on mechanism. I meant "works on average" in the sense of "Keeps fraud and breaches to a level consumers are comfortable with." Nobody imagines breaches can be driven to zero; we seem to be comfortable as a society with the overall rate and severity of breaches (demonstrably, since people keep signing up for these rando online services willy-nilly with nary a care to who holds their data).