by Jay Heiser | February 15, 2013 | 1 Comment
As 4,200 disgruntled holiday goers, trapped on the ironically named cruise ship Triumph, finally end their 5 day ordeal, it serves as a reminder that the eggs can have more stake in the state of the basket than the basket holder does. From the point of view of the cruise line, each booked up ship [...]
Category: Cloud risk management Tags: cloud failure, cloud risk, concentration risk, portfolio risk, recovery risk, risk, risk management
by Jay Heiser | August 7, 2012 | Comments Off
The financial sector links otherwise weakly coupled economic sectors, particularly during economic declines. Such links increase economic risk and the extent of cascading failures. Our results suggest that firewalls between financial services for different sectors would reduce systemic risk without hampering economic growth. From “Networks of Economic Market Interdependence and Systemic Risk”, by Dion Harmon, [...]
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Category: risk management Tags: complexity, risk, systemic risk
by Jay Heiser | March 16, 2012 | Comments Off
Earlier this week, the Guardian reported the arrest of Mark Hanna, News International’s head of security. While details are vague, it appears to be the case that the UK justice system is accusing him of criminal offenses in regards to the ongoing phone hacking scandal at News of the World. Articles by the IT trade [...]
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Category: Policy risk management security Tags: jail, regulatory compliance, risk
by Jay Heiser | April 19, 2010 | 1 Comment
Once upon a time, a pair of peddlars arrived at the Enterprise. Explaining that they were leading providers, they were immediately granted a meeting with King Cio. They explained to Cio that he was wearing outdated garments. He could not only dramatically increase his flexibility, but he could also fire some of his most annoyingly [...]
Category: Cloud risk management Tags: Cloud, cloud computing risk, Hans Christian Andersen, IT risk, market mania, risk, vendor risk
