4 ms·
When I started my career I'd always hear old greybeards talk about "oh this one time.. some certain thing happened, and everyone learnt a lesson" and I feel lik
by adamparsons 6y ago
When I started my career I'd always hear old greybeards talk about "oh this one time.. some certain thing happened, and everyone learnt a lesson" and I feel like I just witnessed one of those come into existence
- paulcole 6y agoDon’t be surprised if companies would rather roll the dice than pay whatever it costs to prevent the problem. $4 million once times the risk of getting hit vs. the up-front and ongoing costs of dealing with an overly paranoid IT guy. Tough call.
- 29083011397778 6y agoDepends if it really does end up being one time or not, I'd say
- enneff 6y agoHow many times would you need to do a security audit before this paid for itself?
- skolsuper 6y agoA company of this size? Just 10 or 20 times I'm guessing, which really doesn't seem like a high multiple. This is why laws are required to correct the incentives here.
- wccrawford 6y agoNot just the audits, but the work to follow through on the audits, too. And follow through correctly.
- csomar 6y agoIt's more than $4m though. The company was at real risk of imploding and going out of business. I guess that scared the CEO more than the $4m penalty.
- Hamuko 6y agoBut it's not like the problem is solved now. They still need to secure their systems, especially now that criminals know that this company is willing to pay out.