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U.S. cyber agency says SolarWinds hackers are 'impacting' state, local governments
And... the market rewards them
'What's the alternative?' SolarWinds boosts security firms' bottom lines
Cybersecurity providers including FireEye Inc and Microsoft Corp could not prevent a huge network breach disclosed this month by numerous U.S. agencies and companies, yet their shares are soaring for a second straight week.
...
Wall Street is betting that governments and businesses - having invested years in moving to digital infrastructure - will only accelerate purchases of the latest IT tools.“What’s the alternative?” said Venkatesh Shankar, marketing professor at Texas A&M University.
Airbag recalls or Listeria outbreaks tend to affect shares within a narrow supply chain, from restaurants and auto dealers down to parts and ingredients suppliers, he said.
At the time of writing, the SolarWind stock price dropped on YtY from $18.55 a year ago, to $15.75 now. Crazy as it may sound after being hacked, the recommendation is "Buy", because "What's the alternative?"
(Score: 2) by krishnoid on Tuesday December 29 2020, @09:50PM
For products/services/investments, security, documentation, and customer support are things that most people don't base purchasing decisions on. Reliability/durability and quality are usually attached to brand names, but if you're willing to buy a jacket that will come apart at the seams/purse that shows creases or starts having bits flake off and replace them every so often [moneywise.com] or keep a spare available, those considerations go out the window as well. If any of these things matter to you, vote with your money, get some friends, and have all of you submit similar complaints.
The majority of consumers, and definitely the market never care about those things. They'll just go with whatever's out there until it crosses an irritation threshold.