Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
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Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#2Adobe made $1.46 billion in revenue for Q3 2016: http://news.adobe.com/sites/adobe.newshq.businesswire.com/fi...
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#3Adobe made $1.46 billion in revenue for Q3 2016: http://news.adobe.com/sites/adobe.newshq.businesswire.com/fi...
Unreal. I know that every hit I've ever had with my compromised email / password came from this hack.
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#4Adobe made $1.46 billion in revenue for Q3 2016: http://news.adobe.com/sites/adobe.newshq.businesswire.com/fi...
Also, increasing their security team by 1 engineer would have cost them more than $1M (assuming a salary of $100K). So from a pure economic standpoint it makes more sense for them to keep paying fines in future breaches.
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#5This data breach nonsense with slaps on the wrist is very easy to fix. Just have the government assign a dollar value to each piece of private information and allow for class action lawsuits for data breaches.
For example
Social security number $5000
Credit card number $1000
Address $500
Telephone $200
Email $100
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#6I am not aware of other firms that were fined by the government for their negligence w.r.t to a breach. I would applaud the NC AG for pursuing this. Despite the small amount, it sets a precedent. The second time Adobe fails, I presume their fine will ratchet up. Remember, they were using DES ECB for their passwords
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#7Adobe made $1.46 billion in revenue for Q3 2016: http://news.adobe.com/sites/adobe.newshq.businesswire.com/fi...
Also, increasing their security team by 1 engineer would have cost them more than $1M (assuming a salary of $100K). So from a pure economic standpoint it makes more sense for them to keep paying fines in future breaches.
How does a salary of $100,000 cost more than $1,000,000???
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#8Earlier quoted context omitted.
Also, increasing their security team by 1 engineer would have cost them more than $1M (assuming a salary of $100K). So from a pure economic standpoint it makes more sense for them to keep paying fines in future breaches.
How does a salary of $100,000 cost more than $1,000,000???
based on HN math I see promoted with respect to engineer costs, an employee now costs a company 9-10x their salary.
but the op might have been meaning over a 10 year period... ?
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#9Earlier quoted context omitted.
How does a salary of $100,000 cost more than $1,000,000???
based on HN math I see promoted with respect to engineer costs, an employee now costs a company 9-10x their salary. but the op might have been meaning over a 10 year period... ?
That is not remotely accurate
Re: Adobe To Pay $1M For Data Breach, Bolster Security, North Carolina AG Says
#10Earlier quoted context omitted.
based on HN math I see promoted with respect to engineer costs, an employee now costs a company 9-10x their salary. but the op might have been meaning over a 10 year period... ?
That is not remotely accurate
my sarcasm tag wasn't working.
every year I see numbers going up in discussions here, with a recent claim that a netflix engineer cost was $430k (salary + overhead). sr engineers at netflix on glassdoor were touching $200k - the "cost" (wild-ass guess on part of the poster) seems a bit out of whack, and I was negatively exaggerating for effect.
But also I originally thought this was damages for a long-running practice - it wasn't. A 2013 data breach, from the article.
NC is getting a whopping $70k from this - likely many multiples of that eaten up in time/money and opportunity costs. I've seen a bit of "yay, there's precedent for paying a fine for this sort of thing" but this fine just put a price on this sort of activity. Data breach affecting someone in NC? You'll face a fine of $1.50 per account. :/