Yahoo Triples Estimate of Breached Accounts to 3B • Hacker News Board

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#251

Post by midwife_cry_sys » Wed, Oct 04, 2017, 11:14 AM UTC

manigandham wrote: post #164

lifeisstillgood wrote: post #148

Earlier quoted context omitted.

Personal information is less valuable on the black market due to the difficulty in monetising and extracting the cash. If I have your bank account login details I can move cash out of your bank, but almost no hope of sending cash from a U.K. Domestic savings account to my friendly philapines bank over the web UI. That's why Nigerian Princes still send out emails - the find the one idiot willing to walk into his bank…

I guess we have nothing to worry about with all these data breaches then, right? Might as well tell equifax that it’s no big deal too. These criminals trade data because it makes them money, otherwise there wouldn’t be much of a makrket.

The black market value is like 10-$15 dollars for a basic credit card number I believe. But gold cards and plat cards can be several times more. But drivers ID and ss# that's worth way more for what I believe are obvious reasons. My prices might be a little off, haven't checked in ages. You get the idea. Say 130 million cards at $10 each. Isn't that almost one and a half billion. Not chump change. Ad

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#252

Post by manigandham » Wed, Oct 04, 2017, 11:15 AM UTC

ben_w wrote: post #207

robertlagrant wrote: post #204

Earlier quoted context omitted.

Might be better off spending £5k+ on personal gifts for each decision maker than bothering with Web advertising if it's that few people you're targeting :-)

I may not be a lawyer, but gifts of $5k to induce someone to purchase a thing for their workplace feels like it should count as corruption and bribery. If someone tried to do that to me, I’d report the attempt to the company lawyer, and I’d doubt the quality of the thing they were selling was as good as the quality of the thing the other poster was advertising.

Welcome to the advertising industry. You'd be surprised what goes on when media buyers control so much money. There are 20 year old planners with control of 7+ figure budgets for major brands - you can bet they're getting plenty of gifts.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#253

Post by cvsh » Wed, Oct 04, 2017, 11:33 AM UTC

avivo wrote: post #43

RcouF1uZ4gsC wrote: post #19

I think the issue right now is that private user information is viewed as an asset, not a liability. If we could find a way to make it more of a liability, companies would be less likely to collect it just for the sake of having it, and they would be more proactive in securing it.

Alternatively, if it's truly an asset, can it be taxed as an asset? If I give a company a car, that is taxed. If I give a company my data which is worth more than a car, it isn't. Is it possible that current accounting/tax law can be interpreted so that these are viewed similarly?

The problem is you aren't "giving" a company anything. The company is observing how you interact with their products.

This is like saying by walking into a store you are "giving" the company your image on their security camera. It would take a very odd definition of "gift" to make that claim.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#254

Post by darkerside » Wed, Oct 04, 2017, 11:54 AM UTC

fny wrote: post #243

soared wrote: post #95

Earlier quoted context omitted.

Value is derived from user data when its used to target ads. Black market data is never used for that purpose, so its value is much lower. (A company would never take the risk of using black market data)

You (and every other responder) miss larger the point of my comment. Let's use Google as an example. Your clicks throughout the internet, like sand, don't amount to much of value. It's a very unrefined, raw material, with limited quantity. Even if Google were forced to value that raw material, they can argue they're trading it in equal exchange for whatever service they offer you, so there would still be no tax. In a…

Like data in general, user data is essentially worthless until aggregated en masse and refined into insights. But when you consider how much data companies are hoarding, it doesn't take much of an assessed value to create a nontrivial taxable asset.

Also, it doesn't matter that there's an exchange happening. Sales tax and income tax are assessed on fair exchanges of goods, services, and currency.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#255

Post by zentiggr » Wed, Oct 04, 2017, 12:02 PM UTC

midwife_cry_sys wrote: post #249

ben_w wrote: post #207

Earlier quoted context omitted.

I may not be a lawyer, but gifts of $5k to induce someone to purchase a thing for their workplace feels like it should count as corruption and bribery. If someone tried to do that to me, I’d report the attempt to the company lawyer, and I’d doubt the quality of the thing they were selling was as good as the quality of the thing the other poster was advertising.

Oh my God. Seriously? You'd report them? Snitches get stitches. Jam up one of my guys, you'll wish you hadn't. If he's starting with 5k you could easily get a lot more. That is the price for suckers. Course you don't have to take anything but that could be hazardous to yous health. I'm just saying. Take the fucking gift.

That honestly sounds borderline mafia or cartel style... "We're going to bribe you, you're going to take it, and since we all know it's illegal, you're on the hook with us all. Welcome to the game kid."

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#256

Post by tripzilch » Wed, Oct 04, 2017, 12:08 PM UTC

runeb wrote: post #214

trishmapow2 wrote: post #149

https://github.com/njuljsong/wsjUnblock Make WSJ & NYTimes Great Again

And people wonder why companies have to resort to hoarding user data for monetisation…

Stop crying. They can and will do it regardless.

The unethical data-hoarding predates the paywalls (and circumvention) by a large margin.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#257

Post by ben_w » Wed, Oct 04, 2017, 12:26 PM UTC

midwife_cry_sys wrote: post #249

ben_w wrote: post #207

Earlier quoted context omitted.

I may not be a lawyer, but gifts of $5k to induce someone to purchase a thing for their workplace feels like it should count as corruption and bribery. If someone tried to do that to me, I’d report the attempt to the company lawyer, and I’d doubt the quality of the thing they were selling was as good as the quality of the thing the other poster was advertising.

Oh my God. Seriously? You'd report them? Snitches get stitches. Jam up one of my guys, you'll wish you hadn't. If he's starting with 5k you could easily get a lot more. That is the price for suckers. Course you don't have to take anything but that could be hazardous to yous health. I'm just saying. Take the fucking gift.

If I’m ever in a position to be worth anyone trying to bribe me, I’ll try to make sure nobody is in a position to threaten me like that.

Fortunately for me, I don’t control any budgets.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#258

Post by specialist » Wed, Oct 04, 2017, 12:36 PM UTC

dpark wrote: post #161

mkempe wrote: post #150

Earlier quoted context omitted.

Maybe you should look at free people in mostly free countries, instead of dictatorships. For instance, the EU and Switzerland.

Have you successfully gotten Google or Facebook or your doctor to purge your records in Switzerland?

Are you suggesting some corporations have become more powerful than our lawfully elected governments?

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#259

Post by specialist » Wed, Oct 04, 2017, 12:40 PM UTC

closeparen wrote: post #221

specialist wrote: post #134

Earlier quoted context omitted.

No contract may take away a person's rights.

I don't understand. You believe you have the right to have no records of yourself written anywhere. You believe it is impossible to contract away this right. You've given HN an individual identifier for yourself, and also furnished your political views (a specially protected category under the GDPR) to its database. Aren't all your comments proof of Y Combinator's human rights violation against you? Shall we have HN…

Guessing you don't support the right to be forgotten.

Re: Yahoo Triples Estimate of Breached Accounts to 3B

#260

Post by ausjke » Wed, Oct 04, 2017, 12:48 PM UTC

Since nowadays the leakages are measured by Billions here and there with critical info exposed, plus facebook/google etc can track your move and even your thoughts/opinions,your daily life in general, so I assume we officially entered a world of no privacy with no turning back. I think we need a new technical design to cope with this indeed, something like a new style of identity with biology info used, and dynamically generated tokens and such, and the browser be in anonymous mode by default, etc.