Why corporations won't spend enough to safeguard your private info
AT&T and UnitedHealth Group faced data breaches compromising customer and patient data, revealing lax cybersecurity practices. Experts stress the need for stricter safeguards and regulatory intervention to address vulnerabilities.
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AT&T, a major telecommunications company, suffered a data breach affecting 110 million customers, exposing sensitive information like call records and locations. This breach, along with a previous incident, highlights the company's lax cybersecurity measures. Similarly, UnitedHealth Group faced a ransomware attack compromising patient data and resulting in a $22 million ransom payment. The breach stemmed from inadequate security practices during a system integration. Both incidents underscore the pervasive issue of data breaches in the corporate world, with companies often failing to prioritize cybersecurity despite the potential risks to consumers. Experts emphasize the need for stricter safeguards and regulatory intervention to address these vulnerabilities. The lack of cybersecurity expertise on corporate boards and the potential financial impacts of breaches further emphasize the urgency for improved data protection measures in the face of evolving cyber threats.
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3 commentsThe only viable solution is to make it so expensive for them to hold /any/ of your data that they will look for a decentralized solution where you hold your data, and grant authorization for the corporation to use some of it (eg. your name and postal address).
Then, they might be able to fumble that, but the damage is limited to just publicly available data.
Agent-based system that are designed for building large-scale distributed and decentralized systems are the future.
Holochain is one such system. There may be others, but it seems to be the most advanced.
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