Earlier quoted context omitted.
+100 Not only is it a cost center it’s also seen as a hindrance to the fast progress. Rarely will you come across an exec who takes security seriously. For them it’s just a checkbox at best and an obstacle at worst. I’m speaking about application security though. It’s possible that IT sec, physical security etc are taken more seriously.
That is why government intervention is needed. Australia is proposing significant changes to its cyber security framework and legislation. https://www.homeaffairs.gov.au/reports-and-pubs/files/streng... Mandatory cyber security obligations backed by penalties and direct government intervention for critical national security companies. https://www.homeaffairs.gov.au/reports-and-pubs/files/exposu...
Ultimately, its going to be a cat and mouse game. A really determined hacker will find a way. But admin users with permissions over everything, passwords/encryption keys stored in plaintext etc. these are things that we can probably patch up really well, and force companies that can't afford to do that to (justifiably) go out of business.