Re:Ask HN: Why should I trust password managers?
by gunapologist99 on Thursday February 17, 2022 @05:41PM
(#30379690)
Agreed!
In fact, I'd argue that, if they are positing that the reputational risk for a successful hack exceeds 10% of their notional valuation, then they should try to commit at least 10% of their market cap as insurance against that ever happening, or at least if they would gain enough information to prevent this from ever occurring. This isn't that hard to figure out.
The best thing about that insurance is that it's literally free -- they never have to pay out unless the event actually occurs.
In fact, I'd argue that, if they are positing that the reputational risk for a successful hack exceeds 10% of their notional valuation, then they should try to commit at least 10% of their market cap as insurance against that ever happening, or at least if they would gain enough information to prevent this from ever occurring. This isn't that hard to figure out.
The best thing about that insurance is that it's literally free -- they never have to pay out unless the event actually occurs.