Friday, August 12, 2005

Krispy Kreme chiefs blamed for bad security

You will remember a while back that we published a list of Top IT Security mistakes to avoid.

Two of them were "I can't be held legally accountable for lax security" and "Security is the IT departments problem." Well, it looks like the management team at Krispy Kreme found out the hard way...

Two Krispy Kreme executives, CEO Scott Livengood and COO John Tate, are under investigation for failing to establish financial controls that led to errors and possible fraud. A Financial Times article on MSNBC.com reports that Livengood and Tate failed to establish management tone, environment and security controls essential for meeting Krispy Kreme's responsibilities as a public company.
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