Security feudalism

Definition
Security feudalism refers to the state of security on the Internet today, where users must trust companies like Facebook, Apple and Google to serve as "feudal lords," securing users from hackers and other cybercriminals in exchange for being locked into them and subject to their whims.

External resources

 * Bruce Schneier's talk (video).
 * Bruce Schneier, "Feudal Security," Schneier on Security (Dec. 3, 2012) (full-text).