The UK’s Financial Services Authority has imposed a £2.28 million fine for losing a disk containing the information about 46,000 customers. (Who was fined is besides the point here.) I agree heartily with John Dunn’s “Data breach fines will not stop the rot,” but I’d like to go further: Data breach fines will prolong the [...]
Gideon Rasmussen, CISSP, CISA, CISM, CIPP, writes in his latest blog post (http://www.gideonrasmussen.com/article-22.html) about the BP Oil spill and operational risk, and the damages the spill is causing BP. Ignoring the hindsight bias of the article here… “This oil spill is a classic example of a black swan (events with the potential for severe impact [...]
As I was reading the (very enjoyable) “To Engineer is Human,” I was struck by this quote, in which Petroski first quotes Victorian-era engineer Robert Stephenson, and then comments: …he hoped that all the casualties and accidents, which had occurred during their progress, would be noticed in revising the Paper; for nothing was so instructive [...]