There is no profit in securing customer data and there is no drawback for the company when data breaches occur. Without regulation, there will never be motivation for companies to give a shit.
They will apologize like Old navy does every few years for sweatshops, claim they really care and promise to improve (they won’t).
What the apology really means?
“Enjoy your free year of credit monitoring and fuck off.”
On the contrary to drawbacks, it benefits some companies to leak data when partnerships between corporations are made based on data swaps. And the first person to snitch on this practice gets whacked, apparently.
There is no profit in securing customer data and there is no drawback for the company when data breaches occur. Without regulation, there will never be motivation for companies to give a shit.
They will apologize like Old navy does every few years for sweatshops, claim they really care and promise to improve (they won’t).
What the apology really means?
“Enjoy your free year of credit monitoring and fuck off.”
It’s literally this. I worked software for a financial company and we were considered a cost center. It showed in how they cut corners.
On the contrary to drawbacks, it benefits some companies to leak data when partnerships between corporations are made based on data swaps. And the first person to snitch on this practice gets whacked, apparently.