Miscellaneous Tech News
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Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.) -
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
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@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
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@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Prior to Internet, the few restaurants I worked in would track people by comment cards with addresses and such. In addition to keeping track of regional location of the visitors. Granted, they were bribed with % off coupons to come back.
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@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
If the content isn't viable, there is no right to make money. Just because someone wants to say something, doesn't mean that they have special rights to make others pay for it. Anyone can publish and pay for it themselves.
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@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
I don't think Social Media sites could exist without tracking and ads. That is where the money is.
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@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Lots of sites just can't make money. It's just how it is. If a site isn't important enough for anyone to sponsor, maybe it shouldn't exist.
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@pmoncho said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
I don't think Social Media sites could exist without tracking and ads. That is where the money is.
Then obviously they either need to rely on customers who are okay with that, or stop existing. easy as that.
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Google is defining "vibrant" as "good for Google", rather than "good for the customers".
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@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
Sounds like the herd will get thinned out. I'll never weep for a website that suddenly loses its ad revenue, especially not google.
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@scottalanmiller said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
I don't think Social Media sites could exist without tracking and ads. That is where the money is.
Then obviously they
eitherneed torely on customers who are okay with that, orstop existing. easy as that.There, that's better.
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@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Lots of sites just can't make money. It's just how it is. If a site isn't important enough for anyone to sponsor, maybe it shouldn't exist.
I feel like "uh, duh?" here.. but I feel like I'm missing yet another point you're trying to make.
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@scottalanmiller said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
I don't think Social Media sites could exist without tracking and ads. That is where the money is.
Then obviously they either need to rely on customers who are okay with that, or stop existing. easy as that.
This is my take on it.
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@Dashrender said in Miscellaneous Tech News:
@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Lots of sites just can't make money. It's just how it is. If a site isn't important enough for anyone to sponsor, maybe it shouldn't exist.
I feel like "uh, duh?" here.. but I feel like I'm missing yet another point you're trying to make.
The points just that... people often say "but how are we supposed to make money"... whether it is tracking cookies, or just ignoring PCI compliance requirements, or stealing software... because there is a mentality that all businesses have an entitlement to profits, even if they don't offer something legally or ethically profitable on its own.
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@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Lots of sites just can't make money. It's just how it is. If a site isn't important enough for anyone to sponsor, maybe it shouldn't exist.
I feel like "uh, duh?" here.. but I feel like I'm missing yet another point you're trying to make.
The points just that... people often say "but how are we supposed to make money"... whether it is tracking cookies, or just ignoring PCI compliance requirements, or stealing software... because there is a mentality that all businesses have an entitlement to profits, even if they don't offer something legally or ethically profitable on its own.
so when someone asks that say - make a product people want that is legal and hopefully ethical profitable.
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@Dashrender said in Miscellaneous Tech News:
@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@scottalanmiller said in Miscellaneous Tech News:
@Dashrender said in Miscellaneous Tech News:
@pmoncho said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
Google defends tracking cookies—some experts aren’t buying it
Google: Banning tracking cookies "jeopardizes the future of the vibrant Web."
Google's Chrome team is feeling pressure from competitors over ad tracking. Apple has long offered industry-leading protection against tracking cookies, while Mozilla recently announced that Firefox will begin blocking tracking cookies by default. Microsoft has been experimenting with tracking protection features in Edge, too. But Google has a problem: it makes most of its money selling ads. Adopting the same aggressive cookie blocking techniques as its rivals could prevent Google's customers from targeting ads—potentially hurting Google's bottom line. So in a blog post last week, Google outlined an alternative privacy vision—one that restricts some forms of user tracking without blocking the use of tracking cookies any time soon. "Blocking cookies without another way to deliver relevant ads significantly reduces publishers’ primary means of funding, which jeopardizes the future of the vibrant Web," Google's Justin Schuh writes. (Those publishers, of course, include Ars publisher Conde Nast. We use cookies to serve targeted ads because they generate more revenue to support our journalism.)Maybe Google has a point. If not ads how else do millions of websites make money to continue publishing content?
One way would be - cheaper products so people have more money - then people spend that money on the site they are trying to support.
Of course - yeah I know this will never work, because vendors will never make cheaper products.
TV and radio and newspaper and magazines didn't have this grandular level of tracking and they seemed to do well - at least until the internet came along and people discovered the ability to track people...
Lots of sites just can't make money. It's just how it is. If a site isn't important enough for anyone to sponsor, maybe it shouldn't exist.
I feel like "uh, duh?" here.. but I feel like I'm missing yet another point you're trying to make.
The points just that... people often say "but how are we supposed to make money"... whether it is tracking cookies, or just ignoring PCI compliance requirements, or stealing software... because there is a mentality that all businesses have an entitlement to profits, even if they don't offer something legally or ethically profitable on its own.
so when someone asks that say - make a product people want that is legal and hopefully ethical profitable.
They just say "I can't" and still act entitled. That's how entitled works.
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BBC News - Facial recognition: School ID checks lead to GDPR fine
https://www.bbc.co.uk/news/technology-49489154 -
How insurance companies are fueling a rise in ransomware attacks
Insurers prefer to pay the ransom. Why? ProPublica says attacks are good for business.
On June 24, the mayor and council of Lake City, Fla., gathered in an emergency session to decide how to resolve a ransomware attack that had locked the city's computer files for the preceding fortnight. Following the Pledge of Allegiance, Mayor Stephen Witt led an invocation. "Our heavenly father," Witt said, "we ask for your guidance today, that we do what's best for our city and our community." Witt and the council members also sought guidance from City Manager Joseph Helfenberger. He recommended that the city allow its cyber insurer, Beazley, an underwriter at Lloyd's of London, to pay the ransom of 42 bitcoin, then worth about $460,000. Lake City, which was covered for ransomware under its cyber-insurance policy, would only be responsible for a $10,000 deductible. In exchange for the ransom, the hacker would provide a key to unlock the files. "If this process works, it would save the city substantially in both time and money," Helfenberger told them. Without asking questions or deliberating, the mayor and the council unanimously approved paying the ransom. The six-figure payment, one of several that US cities have handed over to hackers in recent months to retrieve files, made national headlines. -
@mlnews said in Miscellaneous Tech News:
How insurance companies are fueling a rise in ransomware attacks
Is anyone actually shocked about this? Restoring an entire city is no small feat and paying your insurance premium is an easy way to get back to operational if in fact the keys work.
So of course Insurance would want people to get hit, pay the ransom and move on, they make money, increase the monthly premium and move on.
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@DustinB3403 said in Miscellaneous Tech News:
@mlnews said in Miscellaneous Tech News:
How insurance companies are fueling a rise in ransomware attacks
Is anyone actually shocked about this? Restoring an entire city is no small feat and paying your insurance premium is an easy way to get back to operational if in fact the keys work.
So of course Insurance would want people to get hit, pay the ransom and move on, they make money, increase the monthly premium and move on.
You could almost call it a conflict of interest.
