“No Pay Stub? No Problem. Unconventional Mortgages Make a Comeback,” The Wall Street Journal, January 23, 2019. Proving income from unconventional sources.
What happens if you don’t have the documents required by your processes? Is there a way to work around the process, but still remain in the system? What other information exists to establish that you should nonetheless be approved?
In part a Governance problem, as you want to have a safety valve to permit approval of some atypical presentations. In part an Information problem, because there may be multiple ways to prove the same thing.
“American Charged With Spying in Russia ‘Didn’t Know He Had State Secrets’,” The Wall Street Journal, January 23, 2019. Man receives a flash drive, which is later claimed to contain classified Russian material.
The fact that the information was on a flash drive complicates the point, but how do you know whether something is classified, or secret, or in fact belongs to someone else? Does it have a label or a stamp? Is it on paper of a different color? If it’s digital, does something pop up when you try to open it? And if it labelled, is the label accurate?
How does a company control distribution of sensitive documentary and digital materials?
“Facebook, Germany to Collaborate Against Election Interference,” The Wall Street Journal, January 22, 2019. Collaboration is in advance of the upcoming elections in Germany.
After Facebook’s role in the 2016 Presidential Election in the US, I guess this makes sense. Is this Governance? Yes, the media should help the government run free and fair elections. But is Facebook “media,” apart from media in the sense of a platform for “social media”? Is it a publisher, or something else?
“Facebook’s WhatsApp Fights Fake News by Curbing Message Forwarding,” The Wall Street Journal, January 22, 2019. After problems with the spread of fake news and rumors that may have led to violence in India, WhatsApp will now reduce the number of individuals (including groups) you can forward a message to, from 20 to 5.
The service was also being used as an alternative pathway for political parties to reach their bases.
So, one way to fight fake news is to restrict how many people you can send it to. Is that Governance or Information or both? Maybe to avoid new Indian legislation that would exercise more control over the app, which would be Governance and Compliance. This change doesn’t address the content, just the breadth of the broadcast. Could this be applied to other sources of fake news?
“Russia Accuses Facebook, Twitter of Failing to Comply With Data Laws,” The Wall Street Journal, January 22, 2019. Russian laws require that servers storing the personal data of Russians be located in Russia. Other countries (e.g., Vietnam) have similar laws.
- Compliance: how does a world-wide company comply with the laws of each of the countries that have an interest in the data that is stored?
- Governance: Who controls the world-wide-web?
- Information: who has an interest in the personal data of a state’s citizens?
“Google Fined $57 Million in Biggest Penalty Yet Under New European Law,” The Wall Street Journal, January 22, 2019. Fine for failure to properly secure consents to use personal data for ads under GDPR.
Certainly, a Compliance point. But also goes to Governance (what processes did Google have to operate in compliance with the GDPR?). And Information, as this is a consent for Google to use someone’s personal data to send ads.
What will this mean for Google? Fine significantly less than 4% of turnover. What will this mean for other companies, with somewhat smaller collections of personal data?
“U.S. Close to Ending Its Facebook Privacy Probe,” The Wall Street Journal, January 19, 2019. Investigation of alleged violation of prior consent decree by giving Cambridge Analytica access to user data appears to be wrapping up. How much will it cost? Over or under $22.5 million?
Compliance, mostly, but also Information, and a bit of Governance (why didn’t they have controls in place after the first consent decree?).
“Special Counsel Disputes BuzzFeed Report That Alleged Trump Directed Cohen to Lie to Congress,” The Wall Street Journal, January 19, 2019. In a surprise move, Mueller’s team denies a press report that Trump told Cohen to lie.
When you have two conflicting stories about the same event, who are you going to believe? Which source has the higher reputation for truth and veracity, based upon your experience?
All information does not have equal value. And is either one of the two stories necessarily the truth? How and when is that determined?
“Two Snap Executives Pushed Out After Probe Into Inappropriate Relationship,” The Wall Street Journal, January 19, 2019. Head of global security (and his boss) canned after investigation into relationship with outside contractor.
What happens when your head of global security doesn’t follow the rules. Or the head of HR? Is something “off” about the culture? Or is it just a case of the ship taking on a lot of water?
This is just a Governance point, with a dash of Compliance, with policy.
“New Jersey Lawmakers Push to Know Who Hired Official Accused of Sexual Assault,” The Wall Street Journal, January 19, 2019. Nobody remembers who hired a chief of staff for a state development authority (he’s accused of sexual assault).
A trifecta, with Governance, Information, and Compliance implications. We document things because (a) people forget, (b) people leave, and (c) people lie. Documents, while they may lie and may leave, don’t forget (except to the extent that they lose context or are confusing). We have rules/policies/procedures that we document certain happenings and that we keep those documents in a certain place for a certain time. And people sometimes don’t follow those rules/policies/procedures, because they don’t feel that they are important enough (or they attempt to destroy the evidence). But rest assured, there’s an email or a text lurking somewhere.