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by StrangeATractor
1091 days ago
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This is ridiculous and really only happens because the cost of securing your customer (or citizen) data is higher than the cost of losing control of it. If the cost of losing data to hacks was, say three times higher than the cost estimated to secure it, the problem would become much less common very quickly. As it is, states and corporations externalize the costs of hacks to the victims of their incompetence. They have no reason to take opsec seriously because they aren't held liable in even the most egrigious cases. Data should be a liability. |
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This is the crux of it, methinks. "Data is the new oil" has been a common refrain and as long as the externalities of poor security posture hygiene can be completely outsourced while these companies make mountains of cash by monetizing your every scrap of behavior, attention and information, this will only get worse as every entity seeks to hoard more information on you.
Keeping more data than absolutely necessary for critical business operations should be an existential threat for any entity. Those businesses built on this data ought to take Fort Knox level pains to secure it. Anything short of that and we will continue to exist in a society of deteriorating trust and social contract.