Publicity about Internal Fraud: Still an Issue after 30 Years

top_hansom_cab.gif Adam quotes a 30 year old book about computer security and notes that the IRS then and now doesn’t adequately protect taxpayers’ information and promises to do better. His quote that I like best, though is:
Top management people in large corporations fear that publicity about internal fraud could well affect their companies’ trading positions on the stock market, hold the corporation up to public ridicule, and cause all sorts of turmoil… (Computer Capers, page 72)

Computer Capers: Tales of electronic thievery, embezzlement, and fraud, by Thomas Whiteside, Ty Crowell Co., 1978

That’s why corporations fear a breach reporting reputation system. That’s also why we need one.

-jsq ~