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by pksebben 1413 days ago
not a terribly significant dent, considering their pre tax profit is in the billions https://www.experianplc.com/media/latest-news/2022/full-year...
1 comments

Yeah but "hundreds of millions" can buy a lot of cybersecurity consultants. The shoplifting loss from a single store probably doesn't make much of a dent in a S&P 500 retailer's profit either, but they still spend money on loss prevention because it saves money on net.
The cyber security could plausible cost less than the EXPECTED value of the fines. That's the crux of it