Hackers look to make money

That’s a catchy headline.

“Facebook Thinks Hack Was Set by Spammers,” The Wall Street Journal, October 18, 2018 B1. FB says recent breach of ~30 million accounts was by spammers wanting to make profits, and not by nation states with evil motives.  FB will likely never find who took the information.

This raises a whole host of issues about information ownership and the duty of companies who handle and store your data.   And IT security, or insecurity.  Which is your favorite?  I personally favor what this says about the culture at FB; with these issues, the FB communication to the market and its shareholders and its customers speaks volumes about how FB views the risks of its business.  So now a denial is Information, by definition.

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Filed under Access, Communications, Compliance, Compliance (General), Controls, Corporation, Culture, Definition, Directors, Duty, Duty of Care, Employees, Governance, Information, Interconnections, Internal controls, Investor relations, IT, Oversight, Ownership, Privacy, Protect assets, Security, Technology, Third parties, Who is in charge?

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