Who’s responsible for your information technology?

Who’s at fault when your technology doesn’t work?  Isn’t that an inherent risk in any technology?

“NYSE to Settle With SEC Over Malfunctions,” The Wall Street Journal, March 7, 2018 B15.  NYSE penalized $14 million for not preventing “outages of critical market infrastructure” in August 2015.

Crazy the the government can create a rule making you liable if technology fails.  But then, you have to comply with the applicable requirements.

 

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Filed under Compliance, Controls, Corporation, Duty, Duty of Care, Governance, Internal controls, IT, Oversight, Requirements

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