Their bumbling approach to security has enabled hackers and thieves to cause billions in damages over the last few years, but with none of the costs borne by the member companies. In fact they have profited from the confusing mess of incomplete standards, in terms of rapid obsolescence and replacement of gear, and in providing expensive consulting services to sort out their self-created mess.
While 20-20 hindsight doesn't help the mess that's currently deployed and that remains vulnerable, it should be used as a learning experience to guide better cooperation and focus on security going forward.
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