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Showing posts with the label reputation

Oscar, celebrity and crowd sourced litigation

This was the week that Oscar Pistorius went on trial by media.   Forget about the lawyers -  this was ‘crowd sourced’  litigation at its finest;   fed by a torrent of tweets,  Tumblr images,  TV clips and banks of cameras that overwhelmed the tiny South African courtroom.   Opinions,  some informed, but mostly not,  spewed forth on social media proffering words of support and damnation in equal volume.     The tragic story of the horrific death of a beautiful young woman in her prime, the horror of an overcrowded courtroom and the legal sparring  (and this just the bail hearing!)  reveals the extent of modern society’s  collective voyeurism and pornographic  fascination with courtroom - celebrity mash up.     Oscar was a global icon after stepping off the Olympic podium last August in London.  This tragedy of death and fall from grace is one which has captivated the world.   The harsh ex...

DROPBOX DROP THE BALL ..

My last blog touched on the DropBox hack.   It seems that they have now decided to rectify the situation.  ( DropBox Fix security )  But many clients have been left wondering.  How at risk was I and now am I ?   I wonder how much it has impacted their reputation ?    Do you entrust your personal and/or corporate data to them or to any of the other Cloud services out there.  The better known ones are Google Drive,  Evernote, Box,  YouSendit, Sugarsync,  MS SkyDrive and Egnyte.   If so then you should be concerned.   Why?  Because all of these services rely on you proving who you are merely through the provision of a user name and password.    Why is that so bad?   Because nowadays you can get password breakers off the Internet that will crack most passwords in seconds. ( Password cracker ) .   New sites are being hacked every day with serious consequences for the them and their users (i....

REPUTATION MORE VALUABLE THAN CASH (ASK SONY)

The recent attack (it seems by Anonymous) on SONY which compromised the personal details of almost 100m of their gaming customers has caused massive damage to the SONY brand.   According to Interbrand in 2009 SONY’s brand value was $12bn.   You can safely assume that it will have taken a hit in the order of billions of dollars.  ( This excludes any legal action and the resultant loss.)  The same could be said of Epsilon and RSA who like SONY did not have a major financial breach but their good names have been severely compromised.   The loss to brand value as well as enterprise value could be massive due to the loss of future business.    (There is a report circulating citing research done on RSA’s customers of whom more than half stated that they would not be renewing their contracts. )    If not obvious before,  then now,  executives charged with the stewardship of large valuable corporations must r...