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Everyone always talks about making penalties more severe for data leaks. I have to wonder what the consequences of that would be. Bankrupting your competitor mi

Everyone always talks about making penalties more severe for data leaks. I have to wonder what the consequences of that would be. Bankrupting your competitor might become as easy as paying a few bitcoins to a foreign mercenary. I think better security and encryption protocols need to be developed that mitigate the severity of a single leak. Without more compartmentalization of data and more control put into the hands of users, leaks of these massive, un-encrypted databases appear inevitable.

wyldfire 5y ago
> Bankrupting your competitor might become as easy as paying a few bitcoins to a foreign mercenary. This would result in insurance policies to guarantee against that outcome. Those policies in turn would introduce both costs and practices across industries that would improve the security of all the insured (and indirectly, their customers). Unlike hiring a Rainmaker to look nice for the C-suite, imposing these costs would make sure that there's effective mitigations. Just like safety matters for your car, it would start to matter for your software.
- JumpCrisscross 5y ago
  > This would result in insurance policies to guarantee against that outcome. Those policies in turn would introduce both costs and practices Equifax had over $100mm of cybersecurity insurance coverage [1]. The breach cost them over $2bn, including fines. This isn't purely a motivation problem. [1] https://www.bizjournals.com/atlanta/news/2020/02/13/equifax-says-data-breach-has-cost-it-nearly-2.html https://www.bizjournals.com/atlanta/news/2020/02/13/equifax-...