The rising practice of shaking down customers to pay for security shortfalls could have a silver lining for CISOs, as diluted price competitiveness could convince top brass of the ROI of cybersecurity investments.
The rising practice of shaking down customers to pay for security shortfalls could have a silver lining for CISOs, as diluted price competitiveness could convince top brass of the ROI of cybersecurity investments.
Who else would pay for it?
Passing it on to consumers means that they will raise prices which will hurt says thus harming income. If they don’t raise prices they lose money as well. At the end of the day they are paying for it directly and you are paying for it indirectly.
Best option is to completely abandon companies with terrible track records. These days pretty much every major company has had a breach. They key is how they handle it and how often it happens.