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Re:Tampa teen accused of being ‘mastermind’ behind Twitter hack by SahAssar on Friday July 31, 2020 @04:39PM (#24013732)
I disagree. For every Mossack Fonseca, Mernis, Equifax, Twitter, LinkedIn, Ashley Madison we get public hacks from I think we have many more that see it as "the cost of doing business" and keep bad practices around.

In many types of businesses the cost of a security breach is "priced in" or not considered at all and they are gambling on it happening to their competitors (or not at all) instead of to them.

Re:Tampa teen accused of being ‘mastermind’ behind Twitter hack by shadowgovt on Friday July 31, 2020 @04:52PM (#24013901)
I think we are in agreement on mechanism. I meant "works on average" in the sense of "Keeps fraud and breaches to a level consumers are comfortable with." Nobody imagines breaches can be driven to zero; we seem to be comfortable as a society with the overall rate and severity of breaches (demonstrably, since people keep signing up for these rando online services willy-nilly with nary a care to who holds their data).