Both sides now

Page A1 of today’s WSJ had three stories, sort of.

On A1 proper, there were the stories of the Iranian hacking of the US Navy’s non-confidential computer network, and reports on the broadening of the UK and US investigations into the rigging of Libor. Barclays took another hit, as three of their former traders got pinched. “Iranian Hacking To Test NSA Pick,” Wall Street Journal, February 18, 2014 A1 http://on.wsj.com/1fbp0hD and “Prosecutors Widen Aim In Rate-Rig Investigation,” Wall Street Journal, February 18, 2014 A1 http://on.wsj.com/1dKq9Le.

And on the flip side of A1, curious questions over some Japanese research into stem cells, raising questions about the findings. “Stem-Cell Research Under Scrutiny,” Wall Street Journal, February 18, 2014 A2 http://on.wsj.com/O7G3Gn.

Issues implicated? How long does it take to fix your system once the bad guys break in? And how long do you say it took? Thank goodness the networks were segregated. How many cops can grab a piece of you if your alleged wrongdoing crosses borders? And what was the culture at Barclays at the time? Finally, you can’t believe everything you read in Nature.

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Filed under Business Case, Controls, Culture, Governance, Information, Interconnections, Internal controls, IT, Risk, Security, Value

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