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I wonder if, longer term, we're better off if a company like this were in some way destroyed as a result of getting hacked and paying a bribe. I think the stak
by Waterluvian 6mo ago
I wonder if, longer term, we're better off if a company like this were in some way destroyed as a result of getting hacked and paying a bribe.
I think the stakes for getting hacked are far too low, especially at higher levels of management/executive where it's this abstract thing that has concrete time/resource costs.
- cube00 6mo agoI've never seen a company blame a data breach as the point where they started going bankrupt. Customers never migrate on mass after a breach, 7000 underfunded and overworked education institutions are not migrating on mass. So I feel safe to say there's no lasting impact to a company when a data breach occurs. This will all be forgotten in a few months.
- Ancapistani 6mo agoTo be fair, I don't think I've ever seen a company identify the inflection point after bankruptcy, accurately or not.
- LadyCailin 6mo agoProbably, but without government regulation to make ruinous fines for allowing your data to be breached, the thought experiment is moot.