SolarWinds hack is an example of private equity firms wrecking software companies and degrading their products' security to the detriment of national security
Matt Stoller / BIG :
BIG Matt Stoller
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Discussion
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@matthewstoller
Matt Stoller
on x
This is Orlando Bravo, the private equity billionaire responsible for the SolarWinds hack. https://mattstoller.substack.com/ ... https://twitter.com/...
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@saikatc
Saikat Chakrabarti
on x
The financialization of the US has made it so private equity makes more money selling off our economy for parts than investing for the long term, and this can have catastrophic results. Good piece by @matthewstoller on one really really bad one: https://mattstoller.substack.com/ …
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@jessefelder
Jesse Felder
on x
'Cybersecurity risk is akin to pollution, a cost that the business itself doesn't fully bear, but the rest of society does. Thompson calculated that his business could run more profitably if it chose to open its clients to hacking risk, and he was right.' https://mattstoller.subs…
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@giladedelman
Gilad Edelman
on x
Is the private equity business model to blame for SolarWinds? According to @matthewstoller, the basic problem is that “financiers in America make more money by sabotaging key infrastructure than by building it.” https://mattstoller.substack.com/ ...
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@rajuv
Raju Vegesna
on x
Good take on how private equity is destroying companies. https://mattstoller.substack.com/ ...
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@hacks4pancakes
Lesley Carhart
on x
I'm kinda tired of all the, “Solarwinds had poor infosec policy and executive buy in” takes. Not because evidence doesn't show that they absolutely did. Because most product companies that size also do, and nobody seems to be recognizing those same flaws in themselves.
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@binarybits
Timothy B. Lee
on x
This is a good piece on how sociopathic private equity types laid the groundwork for the Solarwinds hack. https://mattstoller.substack.com/ ...
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@hatr
Hakan
on x
A different (and, to me, interesting) way of looking at the Solarwinds-hack. https://mattstoller.substack.com/ ... https://twitter.com/...