Comment by tokioyoyo
6 hours ago
> Tens of millions of people have been directly compromised by ransomware (likely higher because that’s just the cases we know of) and you hear about state-sponsored hacks in the news all the time.
With no consequences. Everyone just churns along. It might be detrimental to the business a little bit, but from my personal experience, there's more effort in creating DR processes, rather than preventing an attack, exploit, leak and etc.
I'm also not going to put much effort on stuff which has small returns in the worst case scenario. Like Equifax got hacked in 2017, and company is still doing fine. And that's like top tier data one could acquire.
Like I said, even in actual engineering companies will take shortcuts. And then what happens is the government has to step in. But there’s no appetite for government involvement in the tech sector in the US. And everyone moans when the EU does.
But why should the government should step in? Nothing of a big problem is happening. Like it all sounds bad and awful, in the end dilutes into a nothingburger and gets forgotten.
As you started the conversation, companies never face consequences so are never incentivised. I’m not saying I’m in favour of regulation but if I were to answer your question: the reason one might argue for government intervention is precisely because of your point that self-regulation has failed to incentivise.