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That proves my point again that there are not enough regulations on electronic security standards that applies to private companies. All you have are white hat
by jokoon 6y ago
That proves my point again that there are not enough regulations on electronic security standards that applies to private companies.
All you have are white hat security consultant experts that only have their dollars and reputation to work with. The public is highly vulnerable on those things yet I don't see politicians really caring.
- mikro2nd 6y agoHardly a private company: PostBank is the banking division of the SA Post Office, and firmly a government-run entity.
- thoraway1010 6y agoAnd not the first government run entity in SA to have funds stolen from it. Transnet/PRASA (railways) Eskom (electricity) SAA (airline) All have had just totally monumental theft often at the top levels. It all seems to be pretty consequence free. Meanwhile, the hawks open immediate investigations and charge people almost immediately who are trying to expose things - which is kind of funny - 10 years to investigate totally obvious theft, 7 days to charge folks who are exposing it :)!
- seibelj 6y agoSouth Africa has insane levels of graft and corruption that have been going on for decades. They also have a lot of politically motivated assassinations. Total basket case of a country.
- thoraway1010 6y agoNot really a total basket case. They had a long and fantastic history actually of institution building, including credible tax services etc. It was really the Zuma years that messed things up and the new folks don't seem interested in any cleanup (the ANC has had a lock on power a long time). They are still a great country relatively speaking in Africa, with incredible potential.
- rdevsrex 6y agoAs a US expat living in Joburg, I agree that there is a lot of corruption in SA. But damn if 2020 hasn't shown a spotlight on the shady business in the US as well.
- mikro2nd 6y ago1. Most of the graft and corruption has been going on at least 7 decades. i.e. Long before the ANC government. 2. "politically motivated assasinations"? Citation wanted, please.
- seibelj 6y agohttp://archive.vn/73yLl http://archive.vn/73yLl > These prizes seem to be worth killing for. Since 2014 more than 115 Glebelands residents have been murdered. Many were anc members who objected to the ways of Robert Mzobe, an anc councillor accused of corruption, and Bongani Hlope, a local warlord who terrorised residents. “Glebelands is a microcosm,” argues Mary de Haas, a researcher into local violence. Throughout the country violence is regularly meted out by one faction of the anc against another. From 2000 to 2017 nearly 300 political assassinations have been recorded, many of them anc members.
- xiler 6y agohttps://www.opensecrets.org.za/agm/ https://www.opensecrets.org.za/agm/
- africanwoman 6y agoReplace "south africa" with the USA and your statement is equally verifiable and accurate.
- seibelj 6y agoYou are sorely, sorely mistaken.
- devcpp 6y agoQuite the opposite: the free market will deal with this just fine, giving a big penalty to companies that don't care enough. The government, on the other hand, imposes bad businesses, enables regulatory capture and has proven many times that it has no idea how to handle infosec. These white hat consultants aren't perfect but through competition they're still better than lobbied lawmakers.
- bbaumgar 6y agoDo you think that the free market worked as desired in the case of Equifax?
- flareback 6y agoDo you think we actually have a free market?
- mitchdoogle 6y agoIf we don't have a free market, it doesn't do much good to say the free market will solve any of our problems.
- baddox 6y agoHuh? Presumably the suggestion is to make the market freer.
- IggleSniggle 6y agoOr perhaps to acknowledge that the assumptions about a free-market ignore the realities of human psychology, and thus a free-market inherently cannot exist because humans are not capable of producing a free market without regulation, and regulation is antithetical to a truly free market?
- aarongray 6y agoThe idea is not that the free market will always produce perfect results and perfect goods. The idea is that the free market will produce better results at a faster pace with less unintended consequences than government intervention. Government intervention rarely happens proactively, just as major market changes rarely happen proactively. Supplier failure on a large scale makes it apparent that change is necessary, and only then do changes follow, either from the top down by government intervention, or from the bottom up by the market.