alt Hacker NewsI wonder if, longer term, we're better off if a company like this were in some way destroyed as a result of getting hacked and paying a bribe.
I think the stakes for getting hacked are far too low, especially at higher levels of management/executive where it's this abstract thing that has concrete time/resource costs.
I've never seen a company blame a data breach as the point where they started going bankrupt.
Customers never migrate on mass after a breach, 7000 underfunded and overworked education institutions are not migrating on mass.
So I feel safe to say there's no lasting impact to a company when a data breach occurs.
This will all be forgotten in a few months.