Skip to main content

View Diary: Is data security worth it? Depends who's counting. (37 comments)

Comment Preferences

  •  Spot on analogy: data breach as externality (0+ / 0-)

    In these cases, what companies are doing is making profits that aren't profits, because they're not paying the costs of their manufacturing (or information-as-value creation) process.

    The losses incurred by consumers who have to suffer for their indifference is what economists call an externality. Not a compliment, except among thieves.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site