2 ms·
I think you're looking at this wrong. Security is hard. Incredibly hard. Unlike most things in business which are positive-sum, security isn't - it's adversari
by edanm 2y ago
I think you're looking at this wrong.
Security is hard. Incredibly hard. Unlike most things in business which are positive-sum, security isn't - it's adversarial. If we make companies pay huge civil fines for things that are so hard to protect against, we're stifling a ton of innovation.
I usually analogize a large company to a bank. A bank is supposed to keep your money secure, and for sure you'd have a legitimate beef if a bank robber could waltz in and steal your money easily because it's not kept in a vault.
But what if it is kept in a vault? What if the bank isn't attacked by a random group of bank robbers, but rather by the armed forces of a hostile nation? We don't expect banks to protect against armies - that's what we have states for! They provide centralized protection against threats that are far too large for any individual entity to take on by themselves.
This is the same, albeit out of sight, situation with large companies. You can have thousands, tens of thousands of people around the world poking at everything your company does for years, looking for any vulnerability. No company can truly withstand that kind of scrutiny - and I don't think making civil penalties higher will change that. And on top of criminal or opportunistic actors, companies also have to be worried about state actors too.
The only way is for the state to take on an active role in security. I don't see any other way that gets real security for anyone.