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While everyone here says "Oh that's terrible!" the market says "Oh that's terr-SQUIRREL" and then forgets it ever happened. Additionally, no appropriate fines have been levied nor jail time handed out for this sort of thing - right now the sane approach (money wise) is just occasionally have a breech and offer up an apology.


That's what everyone (including myself) said after Equifax but just this week their credit rating was downgraded by Moody's:

https://www.darkreading.com/attacks-breaches/moodys-downgrad...


Equifax should have been fined billions not just had a credit downgrade.


Big enough credit downgrades can hurt.

Still not enough.


The market shouldn’t be the only entity responsible for punishing this kind of massive damage.


It shouldn’t, but currently is and I have seen 0 signs of any change in direction.




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