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March 09, 2007

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A lot of people have worked out that the 1990s Internet approach to security was a damp squib. Where they have had the incentive and time to do so, people are researching all sorts of stuff, simply because the textbook guidance wasn't worth the paper.

Once people research security for long enough they discover that certain players were doing this in the pre-Internet days, and were getting it right. Banks, IOW, where risk and return are their very business.

There, it's called risk management, and it uses an apparently novel technique of allowing certain bad things to happen, because it isn't worth the cost.

Although, we seem to still be a long way from relating security to risk management in a meaningful sense.

I guess more people are appreciating the importance and value in creating a good Risk Management Plan.

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