Thread

1. cmiles8 · 1790617857 · focus · HN ↗

   This seems like as a good an opportunity as any to break out the Computer Fraud and Abuse Act.

   They want “regulation” but we already have it. Hacking is illegal. Start locking up those responsible for this mess and I assure you they’ll “have a handle on it” quite quickly.

   1. meowface · 1790619380 · focus · HN ↗

      That would require mens rea. This may be criminal negligence, but it wouldn't be more than that. (I am basically 100% sure none of the employees or execs are intending or desiring any of these outcomes, regardless of the very large number of people who believe in conspiracy theories about regulatory capture and other sinister motives.)

      I'm totally on board with treating it as gross negligence requiring hundreds of millions or billions of dollars paid in fines and compensation to victims, but don't act like this is more than what it is.

      1. wabDeq-sozhym-d · 1790661616 · focus · HN ↗

         I agree that fines are most likely outcome. Although the incentive of cashing in on IPO is certainly shaping the board’s behaviour.

         1. meowface · 1790664970 · focus · HN ↗

            That may contribute to hesitance to report such incidents upon their discovery, yes. They've been caught trying to cover them up repeatedly.

            (As opposed to the bizarre bullshit where people are claiming them having or talking about such incidents helps their IPO.)

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