> I don't see appreciable movement in their stock at all.
That's because there is zero accountability for these breaches and even with a civil case you're looking at pennies per user as compensation.
Better to do that than invest the 10s of millions required to correctly invest in good security practice and hygiene.
This is the classic fight club scenario:
"Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one."
That's because there is zero accountability for these breaches and even with a civil case you're looking at pennies per user as compensation.
Better to do that than invest the 10s of millions required to correctly invest in good security practice and hygiene.
This is the classic fight club scenario:
"Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one."