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> I think our laws need to be updated to make sloppy security an existential threat to businesses. No. Or perhaps yes, but only in part. Our laws need to be up
by aussiesnack 4y ago
> I think our laws need to be updated to make sloppy security an existential threat to businesses.
No. Or perhaps yes, but only in part. Our laws need to be updated to make corporate malfeasance in general an existential threat to executives and board members, as individuals. Ordinary Aussies end up in jail for unpaid parking fines. Centrelink 'customers' (ugh) get robodebted, often into depression, sometimes to death. The "law" rules us plebs with a rod of iron, and wields it with abandon. Heads of industry get away with pretty much anything. If they want to skirt a law, all they have to do is shove fines on balance sheets. Those fines can be in the millions or billions; they're just another business expense.
Suits in jail would change the so-called 'incentives' (myopic concept though that is) dramatically. "More suits in jail" should be the catchcry of the next few generations. Every T shirt. Every graffito. Every pop song.
Of course to really fix this stuff we have to go after 'investors' and eliminate the absurdity of limited liability ("gamble on destroying the world and risk only your stake!"), but that ideology is now so culturally rigidified it would require a collapse of 'civilisation' to eliminate. That may well be coming of course.