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!
I completely agree. Digging deep in the weeds and pulling yourself out over an over again is how most impactful problems get solved. It's time consuming and the truest test of patience. It's very fulfilling to live this way, even if it seems like world is moving at a much faster pace
This is an overly sensational piece. It might slow things down for a few people temporarily, but there's no way this is making retailers worried about sales this Christmas.
In response to slv77:
The bankruptcy means (1) demand has substantially decreased for shipping services, or (2) large established shipping companies are not lean enough to survive and losing market share.
In no way could this accelerate losses for 'small players'. In fact, this should grow their business. I also have no idea what this vicious loop is you are talking about.
Shipping costs may go up slightly, but it will likely already be priced into current the market.
I think this is not as big of a deal as the article is making it out to be.
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!