“Facebook Sets Aside $3 Billion to Cover Expected FTC Fine,” The Wall Street Journal, April 25, 2019. Reserve to cover potential fine from privacy violations.
You tell the FTC that you won’t share user data without consent. And then you share it anyway. Oopsie.
So, Information (user data) shared without consent (Compliance) in violation of agreement with the FTC (Governance/Compliance). One question: is this fine (one quarter’s profit) sufficient to penalize this behavior by Facebook and deter similar violations by others?
“Brothers Involved in Smollett Case Sue His Attorneys for Defamation,” The Wall Street Journal, April 24, 2019. Smollett’s lawyers accused of defaming the two Nigerian brothers in news interviews.
Generally, you can’t sue a lawyer for an accusation he or she makes in court. But what he or she says to the news cameras is fair game. And the lawyer is probably acting as the client’s agent in making those statements, so the client has exposure for the attorney’s acts. But, for a change, the lawyers are the deep pockets.
So, clearly information. And Compliance (with libel/slander laws). And Governance, through the legal process.
Questions and answers are information, no doubt. But who controls what questions can be asked?
“Supreme Court Reveals Deep Divisions on 2020 Census Citizenship Question,” The Wall Street Journal, April 24, 2019. The Supremes to decide whether it’s okay for the Census to ask whether the responder is a citizen.
Leaving aside the political implications, one ponders not whether asking the question is a good idea but whether the Secretary of the Department of Commerce has the power to ask this question and, if so, whether that power has been properly exercised. That is the Governance question. Versus whether it is a good idea to ask the question.
On April 23, I gave a presentation to the ARMA Houston Spring Conference on “Information Governance Trends 2018-2019.” A copy of my slides, a draft version of the slides-plus-audio, and a spreadsheet with the 300+ headlines from The Wall Street Journal that were the source for this blog and be found at http://liipfertconsulting.com/news.html.
This stuff is all around us.
“Online Lender Prosper Settles Probe Over Misleading Investors,” The Wall Street Journal, April 20, 2019. Company provided the wrong data to is investors. For two years.
The error resulted in the company overstating its earnings. Why do these errors never go the other way?
You invest in something, and rely on the company providing accurate information to measure your investment. They overstate their results by not including certain deductions. Then the suit for fraud.
Where is the failure in governance? The company? You?
“Computer Attack Knocks Weather Channel Off the Air,” The Wall Street Journal, April 19, 2019. Ransomware strikes again.
Is there a trend on ransomware attacks? Norsk Hydro then Weather Channel? What does this show? Vulnerability of companies and TV channels to ransomware attacks?
“Risk Scores Assess Ties Between Genes and Obesity, Disease,” The Wall Street Journal, April 19, 2019. Using genetic data to predict risk of disease.
This is more about use of available information. Or the reuse of information collected for one purpose being used for another. Whose information is it? What are the controls on the use of this information?