That goes for most industries. No need to protect your reputation or be ethical in a monopoly or even really in a duopoly. End-stage capitalism consolidation at its finest.
Comment on FCC to rescind ruling that said ISPs are required to secure their networks
nul9o9@lemmy.dbzer0.com 5 days ago
With their defacto monopoly of services, isps have little incentive to keep pace with threats.
irotsoma@piefed.blahaj.zone 4 days ago
audaxdreik@pawb.social 5 days ago
Cyber security effectively doesn’t exist without consequence in capitalism. If there aren’t regulatory fines or monetary damage from breaches, what incentive is there to spend on enforcing anything? When they can’t innovate or compete anymore, they’ll begin cutting at the structural systems to save more money until it’s just a shell of an appearance of security, and maybe not even that. Who will care?
TimLovesTech@badatbeing.social 5 days ago
When companies have to start funding their own networks because ISPs are all down, or just known to be compromised due to bad actors, it’s going to hit capitalism over the head pretty hard. This is a great way to tank the stock market though if you are betting against “Tech” companies.
Well if they say their doing it, then surely they are, and not just because the law your trying to change required them to. It’s like when Republicans want to deregulate the banks because they are doing so well not exploiting predator loans and/or over leveraging loans trying to make even more $. Deregulation cannot, and will not, work in a capitalist environment. Regulation is the guard rails required to keep capitalism from cannibalizing itself.