On the Risky Business podcast last week, Andrew Wilson, the CEO of Australian cryptography gear maker Senetas, stated that many businesses see the bad things that happen from poor IT security as just a cost of doing business.
Nothing revolutionary there. We’ve all seen it. Target is paying a steep price right now, but what about Michaels and Nieman Marcus? They got breached at the same time as Target, and nobody’s talking about them. Maybe Target thinks the cost of doing business got too high, and they’ve hired a CISO and I hear they’re hiring lots of new security personnel–I have coworkers and former coworkers in the Minneapolis area who tell me as much–but for Michaels and Nieman Marcus, the cost, at least so far, appears to have been manageable.
But Wilson added something that I hadn’t heard anywhere else before. Fifty years ago, he said, construction workers dying while building a large building was considered a cost of doing business. Fifty years ago that was normal. Today it’s unacceptable.
Continue reading IT security vs. the construction industry