This is such an empty update. At the very least, they should have published a detailed postmortem or committed to one by a certain date. How are we supposed to know that they have learned their lessons?
I don’t work for them, but I am pretty sure we can blame the litigious nature of this industry for the lack of detail in the postmortem. Not everyone can afford to be cloudflare :)
Even for Cloudflare, I thought the company will get sued out of existence after the proxy data leak, but finance industry/SEC etc is a completely different ballgame.
I believe it's the fear of litigation rather than actual litigation. Other companies also manage to publish postmortems and don't get sued out of existence.
The compliance world isn’t quite as fast-moving as tech. Even a “high priority” business continuity post mortem at a financial institution is going to take at least a week for all of the lawyers & senior management to agree on the language.