I'm looking at UnitedHealth's stock price over the last year. The theft happened in February. There was a dip; it's already recovering from that.
The market doesn't particularly care about those disclosures, it would seem.
Go on LinkedIn and take a look at who's on the CISO org and below at UHG and Optum today - in 6 months 60% of them will no longer list either as their employer.
UHG the organization will continue to exist, but the people who make up that organization will have their heads roll.
There is no Mr UHG the 3rd running stuff there or in the majority of F1000s - it's professional managers who climb up and down the ladder.
Not everything is some sort of conspiracy with mustachioed men and DEI puppets parroting Milton Friedman and Ronald Regan like the HN hivemind loves to think.
Security incidents will often directly impact platform and infrastructure teams, who's leadership and EMs heads roll as well.
If there is a very public breach, literally everyone director upwards will inevitably get purged over the 12 months post breach.
I've worked on enough cases like this to see it happen.
Personal responsibility as conducted through firings means more for the rank-and-file than for directors and above. It's not about what you've done as much as who you know in those levels.
TL;DR: I'll believe it when I see it.
1. Liability
2. Insurance Premiums
3. Regulation
1 and 2 are already in place, and 3 is currently working it's way over the next couple years.
> TL;DR: I'll believe it when I see it.
Cynicism is valid, but at some point it's just unfounded nihilism, and you as an individual IC will never publicly see these changes as they are well above your pay grade (and you sure as hell won't hear about it publicly)
> Being dragged in front of Congress on anything related to a computer is not a big deal
It is when you are on the hook for that federal bailout to prevent the entire healthcare system from collapsing [0] caused by incompetence surrounding credential management
[0] - https://www.wsj.com/articles/calls-mount-for-government-help...
