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by lifeisstillgood 4573 days ago
That is a good point - I factor in the security of a effective police force, a legal system that will not tolerate using threats to sign over a business for $1 - all of these are part of our security.

Curiously I am not convinced of the total damage done by these various break-ins. Stealing credit card numbers is not the same as getting the loot into a laundered bank account. Grabbing bitcoin wallets is closer, but the liquidity does not exist to extract much.

The damage is seemingly more reputational, or other internal costs to the hacked company (like paying security consultants). The actual "money the thieves ran off with and could convert into real cash" is pretty thin - would value some pointers at studies here.