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Re:Cryptocurrency investor robbed via his cellphone account ... by bdcravens on Thursday August 16, 2018 @11:46AM (#17775658)
If Bank A makes my PIN number automatically the last 4 of my SSN, and Company B discloses that information, is Company B responsible for 9 times whatever losses I incur if my ATM is stolen?
Re:Cryptocurrency investor robbed via his cellphone account ... by wolfgke on Thursday August 16, 2018 @12:06PM (#17775844)
> If Bank A makes my PIN number automatically the last 4 of my SSN, and Company B discloses that information

By Kerckhoffs's principle

> https://en.wikipedia.org/w/index.php?title=Kerckhoffs%27s_pr...

a cryptosystem has to stay secure even if everything about the system, except the key, is public knowledge. So Bank A is at fault, because it neglected basic guiding principles for designing security systems.

Re:Cryptocurrency investor robbed via his cellphone account ... by bdcravens on Thursday August 16, 2018 @12:24PM (#17776024)
Which gets to the frivolity of the lawsuit. The primarily responsible party, the exchange, is likely a less lucrative target than AT&T.
Re:Cryptocurrency investor robbed via his cellphone account ... by dsfyu404ed on Thursday August 16, 2018 @12:42PM (#17776240)
Suing the people with the money is rule #1 of lawsuits.
Re:Cryptocurrency investor robbed via his cellphone account ... by pc86 on Thursday August 16, 2018 @01:39PM (#17776851)
Which would be the case if Kerckhoff's principle was enshrined in law, which it's not.
Re:Cryptocurrency investor robbed via his cellphone account ... by wolfgke on Thursday August 16, 2018 @06:44PM (#17779028)
But it is deeply central for designing any secure system that one can really argue that it is a disregard of due diligence when not followed.
Re:Cryptocurrency investor robbed via his cellphone account ... by tessi3r on Thursday August 16, 2018 @12:33PM (#17776123)
It's still absurd to me that it's nearly impossible to prevent BofA and other institutional banking companies from sharing this information.
Re:Cryptocurrency investor robbed via his cellphone account ... by bdcravens on Thursday August 16, 2018 @12:43PM (#17776267)
I think that ship has already sailed. We need to be moving to a world where those magic strings aren't valuable, and punish companies that use them. It seems unfair; punishment feels it should be directed at the leakers, but you can't put toothpaste back in a tube, at least not cleanly, and the toothpaste is still likely contaminated regardless.
Re:Cryptocurrency investor robbed via his cellphone account ... by jklein11 on Thursday August 16, 2018 @11:48AM (#17775681)
Sure.. you can sue for whatever you want. There is no guarantee that you will be awarded the damages though.
Re:Cryptocurrency investor robbed via his cellphone account ... by bdcravens on Thursday August 16, 2018 @11:51AM (#17775708)
That was my literal question, yes :-) I'll reword it to be match what I was trying to say.
Re:Cryptocurrency investor robbed via his cellphone account ... by digitaLandscape on Thursday August 16, 2018 @11:53AM (#17775730)
This kind-of comment would have been clever in elementary school.

Here, you're just being a dick.

Re:Cryptocurrency investor robbed via his cellphone account ... by jklein11 on Tuesday August 21, 2018 @02:23PM (#17812303)
Sorry I really wasn't trying to be a dick here. The original post asked whether one party could sue instead of being responsible. It is possible that this is why my post seems childish.

The point I was trying to make was about conflating the damages being sought in a lawsuit by one party and the actual damages owed by other other in a lawsuit. I think it is pretty common practice for the plaintiff pick a high number out of somewhat thin air to prevent themselves from pricing themselves from leaving money on the table.