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Equifax to Pay Up to $700M for Data Breach Damages
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lunny
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lunny,
User Rank: Strategist
7/23/2019 | 1:57:13 PM
When Does it Become Criminal Negligence?
While we don't want to destroy the company, these breaches will continue so long as companies see the fines as an acceptable cost of doing business (not unlike shoplifting and fraud).  At what point are board members and C-level executives going to be held accountable for damaging the company, its shareholders, its customers, partners, and its employees?  Real people suffer real harm here.  $20,000 isn't meaningful when it will cost you that much in time, hassle, and legal services to prove you were harmed.  This will change only when someone goes to jail for willfully not doing what they knew they must do to protect that which they are being well compensated to protect.
tdsan
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50%
tdsan,
User Rank: Ninja
7/24/2019 | 1:44:29 AM
Re: When Does it Become Criminal Negligence?
Wow, someone who finally gets it. This is what I was referring to a prior post, when will the executives be prosected because they knew there was a problem and did nothing about it. I am sure the engineering staff stated they found issues in the infrastructure and cybersecurity issues before all of these attacks took place.

Remember, before someone hacks into your environment, they look for vulnerabilities, so they saw the attempts the external actors were attempting because you see it in the logs. But to the point made by the respondent, the list goes on where executives were over looked and not prosecuted, some went to other companies and were hired again:
  • Georgia and Florida Government Agencies (Ransomeware attacks)
  • City of Atlanta and Baltimore (Ransomeware attacks that left the city demoralized)
  • Attunity and Accenture Federal Services (S3 buckets open to the public)
  • Sony (was told not to push the movie, but was punished when they did)
  • SuperMicro (Lost business but affected major govt and private sector organizations)
  • OPM (Executive was able to retire)

The list goes on and on, hopefully we will start taking looking into the fines imposed by GDPR and the steps taken to protect the rights of individuals and their personal information.

Todd

 


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