Thursday, June 30, 2005

Why bosses worry about security

#95 The Economist has published an article entitled "The Leaky Corporation" in the wake of this months spate of high profile, mind boggling security breaches.

Just as bosses and boards had finally sorted out their worst accounting and compliance troubles, and beefed up their feeble corporate governance, a new problem threatens to earn them the sort of nasty headlines that inevitably lead to heads rolling in the executive suite: data insecurity. Left, until now, to geeky, low-level IT staff to put right, and seen as a concern only of data-rich industries such as banking, telecoms and air travel, information protection is now high on the boss's agenda in businesses of every variety.

Just as there is the concept of Generally Accepted Accounting Principles (GAAP), there is now talk at some business schools that perhaps it is time for Generally Accepted Security Principles (GASP).
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