| ▲ | rainonmoon 2 days ago | |||||||||||||||||||||||||||||||
Try working at a company of any remote public significance and see if your view changes. | ||||||||||||||||||||||||||||||||
| ▲ | Nextgrid a day ago | parent | next [-] | |||||||||||||||||||||||||||||||
There's a lot of performative "security" in such companies. You need to employ the right people (you need a "CISO", ideally someone who's never actually used a terminal in their life), you need to pay money for the right vendors, adopt the right buzzwords and so on. The amounts of money being spent on performative security are insane, all done by people who can't even "hack" a base64-"encrypted" password. All while there's no budget for those that actually develop and operate the software (so you get insecure software), those that nevertheless do their best are slowed down by all the security theater, and customer service is outsourced to third-world boiler rooms so exploiting vulnerabilities doesn't even matter when a $100 bribe will get you in. It's "the emperor has no clothes" all the way down: because any root-cause analysis of a breach (including by regulators) will also be done by those without clothes, it "works" as far as the market and share price is concerned. Source: been inside those "companies of public significance" or interacted with them as part of my work. | ||||||||||||||||||||||||||||||||
| ▲ | throwawaysleep 2 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||
Equifax? Capital One? 23andMe? My basis for this is that you can leak everyone’s bank data and barely have it show up in your stock price chart, especially long term. | ||||||||||||||||||||||||||||||||
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