𝙲𝚑𝚊𝚒𝚛𝚖𝚊𝚗 𝙼𝚎𝚘𝚠

LinEUx

Our company has directly profited from a competitor that leaked sensitive data, because some of their large corporate customers decided to switch to us.

Business don’t like being on the receiving end of a data leak either you know.

I think you’re being too pessimistic about IT security, particularly in the Financial sector. A lot of the security rules and audits aren’t even government-run, it’s the sector regulating itself. And trust me, they are pretty thorough and quite nitpicky about stuff.

The cost of failing an audit also often isn’t even a fine, it’s direct exclusion from a payment scheme. Basically, do it right or don’t do it at all. Given that that is a strict requirement for staying in business, most of these companies will have sufficiently invested in IT security.

Of course it’s not airtight, no system really is. But particularly in the financial sector most companies really do have their IT security in order.

That’s not entirely true. In order to be allowed to keep processing transactions you have to adhere to strict rules which do get regularly audited. And then there’s the whole “customers will switch to another more reliable party in case of outages or security problems”. And trust me, I’ve seen first-hand that they do.

Not Tesla though, it relies on cameras only.

Would they? The XZ utils backdoor was only discovered by what can only be described as an insanely attentive developer who happened to be testing something unrelated and who happened to notice a small increase in the startup time of the library, and was curious enough to go and figure out why.

Open does not mean “can’t be backdoored”.