Out of the Loop

By Larry Dignan  |  Posted 2004-05-28 Print this article Print

You may have to vouch for your information security in the not-too-distant future as regulators get restless over cyber-attacks.

If executives don't get involved soon, they could find themselves adhering to standards set by Beltway regulators who operated without input from the technology executives and project managers who are responsible for and implement information security procedures, according to Herrod.

"What's scary about this is the people driving don't have business user input," she says. "I don't think it's thoroughly thought out—not that Putnam isn't right."

The lack of user input is not terribly surprising given the reaction from technology executives contacted by [itals]Baseline. Most executives had never heard of Putnam or his subsequent working group. However, executives don't doubt that cybersecurity regulation is on the way.

David Womeldorf, chief technology officer of beverage equipment parts distributor Bevcore Solutions in Osseo, Minn., says he is comfortable with having security practices verified by a third party. Womeldorf doesn't want to disclose his security setup, but would be comfortable with an independent agent offering the public a "fairness statement,'' as in the accounting world, affirming that proper practices are in place.

While it's still early, security experts like John, now a principal at Blackwell Consulting, are convinced companies are going to face more information security regulation from legislators like Putnam: "This is a train going someplace, and it's understandable that someone wants to lead it."

Business Editor
Larry formerly served as the East Coast news editor and Finance Editor at CNET News.com. Prior to that, he was editor of Ziff Davis Inter@ctive Investor, which was, according to Barron's, a Top-10 financial site in the late 1990s. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism.

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