Skip to main content

The WiKID Blog

Viewing posts from January, 2009

identity-theft-the-nanny-state-and-ambulance

Posted by: admin 16 years, 3 months ago

Mordaxus at Emergent Choas has an inciteful post on how the government can protect people from identity theft.

I can think of a situation we need protection from. Here is a scenario. Let us take the case of a lender, Larry. We need a law to make it so that if Larry lends money to Alice, he cannot try to collect it from Bob. That's all we need. If we have that, we'll have all the legal protection we need to solve identity theft.
This is an interesting idea, but I fear that it is too simplistic. I suspect that this is the current law. The problem is really the burden of proof. Currently, Bob has to prove to Larry that he did not borrow the money. Larry gets to put all sorts of nastiness onto Bob's credit report that Bob will never be able to get off. Bob can sue Larry, butas mordaxus points out, the way to change the business practice is to make it not worthwhile, which means a class-action lawsuit.

read more / 0 comments

congrats-to-obs

Posted by: admin 16 years, 3 months ago

One of our OEM partners is really on a roll. Online Banking Solutions announced deals this week with Bank of Hawaii and First Tennessee . Keep it up!

read more / 0 comments

stock-market-values-and-information-security

Posted by: admin 16 years, 3 months ago

There has been some excellent research done on the impact of information security breaches on the market cap of affected firms (which directly impacts their cost of capital): "The economic cost of publicly announced information security breaches: empirical evidence from the stock market Katherine Campbell, Lawrence A. Gordon, Martin P. Loeb and Lei Zhou Accounting and Information Assurance, Robert H. Smith School of Business, University of Maryland, 2003" (http://brief.weburb.dk/archive/00000130/01/2003-costs-security-on-stockvalue-9972866.pdf)

This UMD study found that a firm suffering a breach of 'confidential information' saw a 5% drop in stock price while firms suffering a non-confidential breach saw no impact.

read more / 0 comments

the-problems-at-palm-and-some-suggestions

Posted by: admin 16 years, 3 months ago

BusinessWeek points out the struggles at Palm, how their operating system is 5 years old, the last Treo was released in 2003 and they've canceled the Foleo. They announced a new Treo for Europe, which looks interesting.

read more / 0 comments

how-the-government-protects-us-subways

Posted by: admin 16 years, 3 months ago

Unfortunately, that's Subways(TM) as well as a dog boutique, a radio station and a perfume shop in the Virgin Islands.

read more / 0 comments

Recent Posts

Archive

2024
2022
2021
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008

Categories

Tags

Authors

Feeds

RSS / Atom