Re:Uber Database Breach Exposed Information of 50,000 Driver...
by freehunter on Saturday February 28, 2015 @12:06AM
(#9122851)
That was the case with Home Depot. They made the determination that the cost of implementing proper security would be more than the cost of cleaning up the breach.
However, this is just offloading the negative externalities onto the banks and the customers. That's just shitty. I'm not one to call for government regulation that easily, but this is exactly why we have a federal government. To make sure the citizens are being protected. That's why the FCC declared ISPs to be utilities. To stop them from abusing the customers. That's why the EPA has regulations on chemical and oil spills. If Home Depot got fined $100m for their breach, what would the cost look like then?
The cost of security is more than the impact of the lost business. That needs to be fixed, because until it is, we will continue to have breaches that make our lives terrible.
However, this is just offloading the negative externalities onto the banks and the customers. That's just shitty. I'm not one to call for government regulation that easily, but this is exactly why we have a federal government. To make sure the citizens are being protected. That's why the FCC declared ISPs to be utilities. To stop them from abusing the customers. That's why the EPA has regulations on chemical and oil spills. If Home Depot got fined $100m for their breach, what would the cost look like then?
The cost of security is more than the impact of the lost business. That needs to be fixed, because until it is, we will continue to have breaches that make our lives terrible.