The WiKID Blog

Viewing posts from January, 2009

telework-promoted-to-cut-gas-costs

Posted by: admin 16 years, 3 months ago

According to a recent study, federal workers could save $55 on monthly fuel costs.

The online-based telework promoting organization figured that current fuel prices cost typical GS-7, Step 5 federal employees $138.80 a month, nearly 7 percent of their after-tax income. The organization's study, titled "Gas Fuels Telework," is based on a survey of 3,500 federal employees registered with the Telework Exchange Web site.

If you've been in DC area traffic, then you know that anything that gets cars off the roads is a good thing.

texas-considers-requiring-pci-compliance

Posted by: admin 16 years, 3 months ago

In an interesting twist in the continuing PCI story, the Texas legislature may mandate PCI compliance:

According to the language of the bill, "A business that, in the regular course of business, collects, maintains, or stores sensitive personal information in connection with an access device must comply with payment card industry data security standards." The bill would allow a financial institution in the state to request a breached entity to provide certification of its compliance with PCI specified controls. HB 3222 would require the certification to be issued by a PCI-approved auditor no earlier than 90-days before the breach.

It sounds like retailers would have to be audited every 90 days! Is this bill the work of the financial institutions or the auditors?

thanksgiving

Posted by: admin 16 years, 3 months ago

It will probably be a little quiet around here for the rest of the week as it's the Thanksgiving holiday here in the US. I'll still be checking my e-mail via the blackberry, of course :). Thanks to all who have made this a great year for WiKID.

herman-munsters-identity-stolen

Posted by: admin 16 years, 3 months ago

As if you needed more proof that identity thieves are lowly scum, they have now stolen Herman Munster's identity. If they had any class at all, they would have gone for Gomez Adams.

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.

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