Laws won’t change this. It will only make it a compliance burden and the same mistakes will continue to happen. Plus standards and practices move way faster than laws.
What investors should be concerned about is the reputational risk and loss of business to competitors that are able demonstrate more transparent and secure practices.
Maybe laws for monopolies, but not for competitive markets where consumers have choice to shop around.
For a competing business these dumps are a powerful marketing tool. It’s a direct client list. They just have to be able to show that their security is better.
Laws would make things so much worse for everyone. The key is to keep hacking away at all systems. Break things apart and build them back together. And win customers by showing that you can!
What investors should be concerned about is the reputational risk and loss of business to competitors that are able demonstrate more transparent and secure practices.
Maybe laws for monopolies, but not for competitive markets where consumers have choice to shop around.
For a competing business these dumps are a powerful marketing tool. It’s a direct client list. They just have to be able to show that their security is better.
Laws would make things so much worse for everyone. The key is to keep hacking away at all systems. Break things apart and build them back together. And win customers by showing that you can!