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Replace privacy leak with car accident. No insurance company has perfect info on car safety, driver behavior or road maintenance status. Yet as a mandatory syst
by hrktb 6y ago
Replace privacy leak with car accident. No insurance company has perfect info on car safety, driver behavior or road maintenance status. Yet as a mandatory system it works well enough.
Insurance companies have the tools to deal with lack of information.
- eru 6y agoAlas, infosec failures often come in much bigger lumps than car accidents.
- SilasX 6y agoInsurance companies have relatively low caps on what they have to pay out per accident though. The figures here would be much higher.
- hrktb 6y agoIt’s a matter of balancing costs and income. Insurance companies can deal with skyscrapers or airline crash insurances, I don’t think privacy leaks should be harder to manage than actual death.
- SilasX 6y ago>It’s a matter of balancing costs and income. I know, I just thought car accidents were a bad way to make the point. Data breaches vs skyscrapers/airplanes are harder to distinguish, so yeah those are more comparable. Edit: that is, data breaches under the proposed system of high per-user liability are comparable.
- robocat 6y agoCar fatalities in Finland: approximately 250 per year. That gives an idea of the orders of magnitude difference that can occur with security breaches. There have been breaches where every person in a whole country has been affected. Most importantly car accidents have a known variance and are statistically predictable. There are insurers that will take on one-off unpredictable risks (reinsurance), but equating cybersecurity to car insurance makes little sense.