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81 points impish9208 | 1 comments | | HN request time: 0.205s | source
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MattSteelblade ◴[] No.41917058[source]
> Unisys will pay a $4 million civil penalty;

> Avaya. will pay a $1 million civil penalty;

> Check Point will pay a $995,000 civil penalty; and

> Mimecast will pay a $990,000 civil penalty.

With the exception of Mimecast, these are companies that are bringing in billions of dollars in revenue annually. How is this supposed to deter them?

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1. alephnerd ◴[] No.41917717[source]
> How is this supposed to deter them

Unisys and Avaya are both security vendors. This absolutely is a bad look for them, as almost every Security RFP asks about internal controls and how a vendor has remediated against these issues, and this is ammunition for any competitor to ask a prospect to re-evaluate purchases from either due to misrepresenting their security procedures.

Furthermore, Unisys only has an operating profit of around $200M a year, so a $4M fine is fairly brutal (that's an entire security team's operating budget for a company at Unisys' size).

Avaya's is smaller still, so that $1M is fairly brutal for them