Yahoo discloses hack of 1B accounts
OK so I&#x27;d like to invite the pure free market types to explain how this gets fixed without any government, including no lawsuits. Because I keep hearing from free market types that 100% of phishing victims are ignorant and basically deserve what happens to them, if they can&#x27;t learn that they&#x27;re being duped they deserve to be duped, they somehow think wholesale loss of trust ends up being focused only on specific companies rather than entire technologies. And so on.<p>So how are these externalities dealt with where there is no such thing as insurance for this type of breach? There&#x27;s no way to put the toothpaste (my private information in the form of answers to personal &quot;security questions&quot;) back into the tube (only my brain or nearby sphere of influence).<p>And this goes along with IoT devices that aren&#x27;t having their known exploits patched by their manufacturers. Similar problem different details.<p>So without broad laws that say this is wrong and here is a mechanism to attach a tangible cost to this information so a proper risk assessment is done, I imagine we keep seeing this happen with essentially no punishment beyond what Yahoo already is getting punished for.