Full Disclosure mailing list archives
Re: Fwd: Rate Stratfor's Incident Response
From: Valdis.Kletnieks () vt edu
Date: Thu, 12 Jan 2012 09:01:28 -0500
On Thu, 12 Jan 2012 03:41:48 CST, Laurelai said:
Well that's what you get when you let profit margins dictate security policy.
You *do* realie that in the US, most corporations are legally *required* to let profit margins dictate *all* policy, security and otherwise? The corporate officers are required to maximise shareholder value, and in fact can be (and often *are*) sued if they decide "Project XYZ would make a boatload of money, but we're killing it off because it's morally wrong" or similar. The exception is if they reincorporate as a "benefit corporation", which has only been available for a year or two, in only several states, and apparently only 100 corporations (out of the hundreds of thousands in the US) have taken this path so far... http://www.latimes.com/business/la-fi-benefit-corporations-20120104,0,5492616,print.story Bottom line: In most corporations, the CSO *can't* spend more money on security unless he can show increased profits by doing so. So if you're the CSO and want to spend $15M more on security, you have to show how doing so will result in a better return for the shareholders. And as I pointed out earlier in this thread, even the big hacks at Sony and TJX didn't affect *the shareholders*, so under current US corporate law, those companies actually did what they were *required* to do.
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Current thread:
- Re: Fwd: Rate Stratfor's Incident Response, (continued)
- Re: Fwd: Rate Stratfor's Incident Response Laurelai (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response doc mombasa (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response Giles Coochey (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response doc mombasa (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response coderman (Jan 16)
- Re: Fwd: Rate Stratfor's Incident Response Ferenc Kovacs (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response Laurelai (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response doc mombasa (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response Ferenc Kovacs (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response doc mombasa (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response Valdis . Kletnieks (Jan 12)
- Re: Fwd: Rate Stratfor's Incident Response Paul Schmehl (Jan 13)
- Re: Fwd: Rate Stratfor's Incident Response Jeffrey Walton (Jan 16)
- Re: Fwd: Rate Stratfor's Incident Response E M (Jan 17)
- Re: Fwd: Rate Stratfor's Incident Response Martijn Broos (Jan 17)
- Re: Fwd: Rate Stratfor's Incident Response Valdis . Kletnieks (Jan 17)
- Re: Fwd: Rate Stratfor's Incident Response Kurt Buff (Jan 07)
- Re: Fwd: Rate Stratfor's Incident Response Jeffrey Walton (Jan 07)
- Re: Fwd: Rate Stratfor's Incident Response Laurelai (Jan 12)