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Instead of dictating the solution, let’s just make the network operators liable and let them figure it out.
by triactual 5y ago
Instead of dictating the solution, let’s just make the network operators liable and let them figure it out.
- josephcsible 5y agoDoes this happen enough to be sure it would be cheaper for them to fix it than to just pay a settlement every time it happens?
- triactual 5y agoThat’s up to the lawmakers and the courts. It’s literally in their power to decide the consequences.
- mindslight 5y agoLiable for what? Failing to provide security properties that they never offered? The blame for this situation lies with the banks, who are for the most part already legally responsible for covering the losses.
- josephcsible 5y agoSimjacking is bad even if it doesn't let your bank account get compromised.
- mindslight 5y agoSure, but the scales are completely different. Making a telco fully liable for the simjacking itself would result in maybe one thousand dollars of damages due to the administrative hassle, and likely much closer to the story's $80 after the usual lobbying. I took the comment I responded to as saying that telcos should be on the hook for the banks' losses as well. The bank fraud amounts described in the article are much larger.
- deleted 5y ago[deleted]