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AT&T says hackers accessed records of calls and texts for nearly all its cellular customers (www.cbsnews.com)

submitted 4 months ago by Wilshire@lemmy.world to c/technology@lemmy.world

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[–] Max_P@lemmy.max-p.me 6 points 4 months ago (1 children)

They all get cybersecurity insurance to limit/eliminate that risk and pass it down to someone else. Yeah, we're at a point where companies have accepted it'll happen and pay for fucking cybersecurity insurance to protect their capital instead of spending that money on actual security.

Increasing the liability just means the premiums will be passed down to the users, and insurance companies will be rolling in cash. Not like the users would get the settlements anyway.

And of course there's the whole problem of disposable LLCs, so even a corporate death penalty would do shit, because our society doesn't give a shit about people, only capital.

[–] nickwitha_k@lemmy.sdf.org 1 points 4 months ago

Needs to be a percentage of revenue earned to eliminate the possibility of passing the buck. So... It's not happening any time soon.

Someone who has to pay higher rates because PG&E exec pocketed revenue instead of investing in company infrastructure, killing numerous people across multiple incidents.