Category Archives: Value

Google this

“Google’s Practices Threaten Privacy, Too,” The Wall Street Journal, April 23, 2018 B1. Google’s practices may expose more information related to you.

What is you information worth to you?  What is it worth to someone else?  Who profits? What controls are in place and how effective are they?

Do you read their policies?  Do you care?

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Filed under Access, Analytics, Controls, Information, Ownership, Privacy, Third parties, Uncategorized, Value

Catching up

I was out of town for a bit, and am now catching up  So this will deviate from the usual one-story, one-post format.  19 squibs.

“ISS Opposes Five Equifax Directors,” The Wall Street Journal, April 17, 2018 B2.  A proxy advisor recommends against voting for members of the Board’s technology committee, who had responsibility for technology security.  Is that all that happens, they get fired?  157 millions accounts exposed and they get un-elected but not (yet) sued?  No claw-back of director’s fees?

“Facebook Data Dispute Embroils University of Cambridge,” The Wall Street Journal, April 16, 2018 B4. Cambridge says Facebook approved of the University’s use of Facebook data.  Or your data, if you wish.

“Fired FBI No.2 McCabe Misled Probe, Report Says,” The Wall Street Journal, April 14, 2018 A1.  Misleading an internal investigation into leak to the newspaper is not good.

“Volkswagen Prepares to Replace CEO, The Wall Street Journal, April 11, 2018 B1.  CEO who help VW survive the emissions scandal gets replaced. A palace coup after the company spent $25 billion+ on the scandal.  Is this more price for VW to pay?  And let’s not forget the shareholders, who foot the bill.  See also “VW Picks Chief After Boardroom Coup,” The Wall Street Journal, April 13, 2018 B1.

“Blunder Hits Samsung Securities,” The Wall Street Journal, April 11, 2018 B13. An employee’s mistake leads to mistaken issuance of $105 billion in shares, more than 30 times the company’s existing issued shares.  Do you have the right controls in place?  Is this an information governance issue?

“Facebook Hearings Put Regulation In Spotlight,” The Wall Street Journal, April 12, 2018 A1. Will the Facebook data leak/usage lead to new privacy regulation?

“Adviser Urges Shift On Board Of Equifax,” The Wall Street Journal, April 12, 2018 B10.  Does the company’s failure to avoid a cyber attack mean the board has to go?  Maybe.

“China’s Censors Zero In on Apps,” The Wall Street Journal, April 12, 2018 B4.  Chinese government extends control over a smartphone app that had crude jokes.  Now there’s enforcement of a policy, and a demonstration of what “governance” means.

“Zuckerberg Says Sorry for Harm Done,” The Wall Street Journal, April 10, 2018 B4.  Classic crisis management strategy:  admit you’re wrong?

“Sensing Urgency, Facebook Bolsters User Protections,” The Wall Street Journal, April 10, 2018 B5.  Locking the door after the horse bolted.

“Facebook Sets ‘Issue’ Ads Rule,” The Wall Street Journal, April 7, 2018 A1.  Does a background check on advertisers protect your privacy?

“YouTube Policies Stir Bitterness,” The Wall Street Journal, April 6, 2018 B1.  Following attack at YouTube HQ, taking a closer look at YouTube’s policies on filtering/restricting content.

“Facebook CEO: Lax Privacy a ‘Huge Mistake,'” The Wall Street Journal, April 5, 2018 A1.  Not focusing on privacy protections a “huge mistake.”  Really?

“Police Want to Send AI Into the Street,” The Wall Street Journal, April 4, 2018 A3.  Can body cams be used to collect “Person of Interest”-level information, real time?

“WPP’s Sorrell Faces Probe,” The Wall Street Journal, April 4, 2018 B1.  CEO of advertising company under internal investigation for misusing company assets.  It’s really just a question of duty.

“GM Scraps a Standard in Sales Reporting,” The Wall Street Journal, April 3, 2018 B1.  You manage what you measure.  So, no longer reporting this statistic will reportedly make it easier to measure performance.  Huh?

“Oracle Defeats Google In Court,” The Wall Street Journal, March 28, 2018 B1. Appeals court revives copyright infringement suit against Google.  $9 billion+ in damages alleged.

“Wedbush Accused Of Flawed Oversight,” The Wall Street Journal, March 28, 2018 B12.  SEC charges company with failure to properly supervise an employee involved in “long-running ‘pump-and-dump’ scheme.”

 

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Filed under Accuracy, Board, Communications, Compliance, Compliance, Compliance (General), Controls, Corporation, Culture, Directors, Duty, Duty of Care, Employees, Governance, Information, Internal controls, Investor relations, Oversight, Oversight, Ownership, Ownership, Policy, Privacy, Protect information assets, Security, Third parties, Value

Moneyball 2

“The Mariners; Big Data Experiment,” The Wall Street Journal, March 27, 2018 A14. Data leads to moving a star player from shortstop to the outfield.

Maybe not a big Information Governance or Compliance piece.  But interesting use of information.

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Filed under Analytics, Collect, Data quality, Information, Management, Operations, Use, Use, Value

Contagion

When disaster hits one part of your industry, other members often get hit, too, especially when customers get upset.  And the media smells blood.

“Facebook and Google Confront Antagonism of Big Advertisers,” The Wall Street Journal, March 26, 2018 A1.  Major advertisers demand more detail and accountability around ads and cost following the revelations about the use/misuse of user data and the accuracy of the viewing statistics.

Is the business model of selling access to data that isn’t really yours finally breaking down?

In a related piece, Facebook took out a full-page ad on page B12 in The Wall Street Journal that says, in part, “We have a responsibility to protect your information.  If we can’t, we don’t deserve it.”  Interesting admission that it’s your information, not theirs.  Still noodling on how that works through the courts.

Where to file this?  What does non-compliance with your information policies cost you?

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Timing

Information is often more valuable if you get it or use it faster than someone else.

“Ultrafast Opens to the Masses,” The Wall Street Journal, March 24, 2018 B5.  A high-frequency trading platform using open coding is made available to the muggles.

Is it fair to use software to trade faster than someone else?  Apparently.  Can you make money by doing that?  Perhaps.

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Filed under Data quality, Information, IT, Value

It’s all about networks

“Facebook Breaks Its Silence, Admits to ‘Mistakes,'” The Wall Street Journal, March 22, 2018 A1.  Facebook takes fire for use of Facebook’s data on 50 million users by outside app developers and others.  One analyst points to “systemic mismanagement.”  Stock value has dropped 10% ($50 billion).

Well, that’s your data, isn’t it?  Data about who your friends and interests are, and other data generated by your use of Facebook.  What are your networks worth?  Who says privacy is dead?

The common crisis management three-step.  Crisis, government outrage/testimony and heartfelt (albeit delayed) apologies, and more regulation/lawsuits.

Lots of questions about who owns what data and who has what responsibilities with respect to that data.  Are your personal networks information?  What’s the information worth? When FB holds the information, is it no longer yours?  Did you accept this risk?  Was this really just a problem with FB’s vendors not controlling things?  The list goes on.

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Filed under Access, Analytics, Communications, Controls, Corporation, Definition, Duty, Governance, Information, Internal controls, Oversight, Ownership, Privacy, Protect assets, Security, Third parties, Value, Vendors

Are you serious about enforcing your policies?

The headline from Tuesday says it all.  “Data Blowback Pummels Facebook,” The Wall Street Journal, March 20, 2108 A1.  Inquiries into allegedly improper data access in support of Trump campaign.  Stock dropped 6.8% on Tuesday (-$36 billion in shareholder value).  Congress stirs.  Wants to restrict how Facebook deals with user data.

At issue is information of the same type shared with the Obama campaign in 2012, allowing access to your connections.  After that election, Facebook changed their policies.  This case involves a professor (technically, a vendor?) getting information from Facebook and sharing it with others, including a group advising the Trump campaign.  After Facebook discovered what the professor had done, an audit was done at the campaign adviser group, which said it had deleted all the data once it learned the professor had violated Facebook’s policies when he provided the information.

Who owns the data (such as who your friends are), and what protections are applied to this data?  Is Congress getting involved going to help or hurt?  How do you make sure your vendors comply with your policy?

And Facebook’s policies?  Today’s headlines says it all (sort of):  “Lax Data Policies Haunt Facebook,” The Wall Street Journal, March 21, 2018 A1.  Actually, it wasn’t a problem with the policies, it was the fact that Facebook wasn’t very good at monitoring or enforcing them.  And the policies were adopted as part of a settlement with the FTC.  This could get expensive.  The Canadian government (where there is more extensive privacy protection by law) is also investigating.  An additional 2.6% drop in shareholder value on Tuesday.

See also “Facebook Provokes Storm Over User Data,” The Wall Street Journal, March 19, 20198 B1.  How did an outside data firm get access to users’ private data without their permission?  Unclear whether the data firm kept the data longer than it should have.

Watch this space. This is going to be news for a while.

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Filed under Access, Analytics, Compliance (General), Controls, Corporation, Duty, Duty of Care, Governance, Information, Internal controls, Oversight, Ownership, Privacy, Protect assets, Third parties, Value, Vendors