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How is this different from let’s say Banks, having to be audited by a third party and said reports reviewed by a Banking Regulator that can fine or close said B
by freetanga 3y ago
How is this different from let’s say Banks, having to be audited by a third party and said reports reviewed by a Banking Regulator that can fine or close said Bank?
And if controls fail and a Bank buckles down, they need to respond with their own capital. (Political favors and bailouts aside)
- phoehne 3y agoThat's a fair point. I think the casualties will be the stuff that's released that's not directly monetized. The open source developer doesn't make any money to justify paying for any of the process to get a seal of approval. Nor would they generally want to spend their evening preparing paperwork for someone else to review. A lot of critical projects have 'teams' that are basically 1 person. And what's considered 'critical' might be overly broad. Is the manufacture of Kleenex brand facial tissues critical? It might be under the final law. If your SaaS is used by Kleenex, do you now have to produce design documents, software process documents, audits of your process, etc. to show you can continue to be used by Kleenex to produce a trusted name brand in facial tissues? Do you do all the work to keep Kleenex as a customer only to have them switch to your Indian competitor who does none of that? Inquiring minds want to know.