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Web 2.0 Summit Looks At Innovation

CMP Information Week
InformationWeek Daily - Wednesday, Oct 17, 2007


Editor's Note

Schwarzenegger Trusts Businesses To Protect Your Data; Do You?

Gov. Arnold Schwarzenegger's veto of a California bill aimed at increasing the state's data protection standards, in part based on his view that the marketplace is handling consumer data protection, raises a troubling question: What planet is this guy living on?

AB 779, which passed both houses of the state government by large majorities indicating there's enough support to override the veto, would limit the data companies can retain on consumers and forbid those without retention policies from collecting sensitive data, according to an Ars Technica account.

Schwarzenegger's rationale:

"...this bill attempts to legislate in an area where the marketplace has already assigned responsibilities and liabilities that provide for the protection of consumers."

Referencing the Payment Card Industry and its standards, the governor says:


"This industry ... is in a superior position to ensure that these standards keep up with changes in technology in the marketplace."

I've only been able to find 167 million reasons why Arnie is wrong. That's the number of records containing sensitive personal information -- much of it involving credit cards -- involved in security breaches.

The only conclusion to be drawn from this list: There's a frighteningly high number of businesses collecting our personal data that are incompetent when it comes to protecting that information.

The governor argues compliance would be excessively costly and burdensome for small businesses, such as retailers. That's entirely possible. No doubt, self policing and self correction is a better solution than legislation.

But when all else fails -- and it has -- government has little choice but to step in. Even when the governor is in denial.

What's your take? Are you confident business will eventually solve this problem and therefore legislation isn't the answer? Or are we beyond the point of thinking we should trust the inmates to run the asylum? Take my poll or submit your comments.

Tom Smith
tsmith@cmp.com
www.informationweek.com

Quote of The Day

"Better be despised for too anxious apprehensions, than ruined by too confident security." -- Edmund Burke

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The policy change follows on the heels of a lawsuit filed by customers against T-Mobile.

Bill Gates Sets The Conference Room For Microsoft RoundTable

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Microsoft's "multi-year, multi-dimensional" drive to link voice, video, and data is expected to compete with similar products from Cisco Systems and Avaya.

Tech Certifications No Longer Get Biggest Pay Premiums, Says Report

For the first time, the average premium paid for certified tech skills is less -- by nearly 1% -- than the premium paid for non-certified skills, says a study by Foote Partners.

IBM Posts 16% Jump In Third Quarter Earnings

IBM reported increased sales for outsourcing services and software, but a decline in the sale of hardware.

Google's YouTube Debuts Copyright Enforcement System

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Key Issues For Tech Resellers: Broadband Competition, Internet Regulation

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Tension Growing Between Tech Groups Regarding Green Card Proposals

The Programmers Guild opposes expansion of the green card program for foreign tech workers, while the Semiconductor Industry Association and IEEE-USA asked Congress to revist the program.

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In This Issue


The latest research, polls, and tools

Virtualization At The Desktop?
Examine how more than 250 companies plan to adopt server virtualization technology in this recent InformationWeek Research report, Server Virtualization.

The BI Explosion
Examine the business intelligence strategies of 500 companies, including deployment drivers and challenges, spending plans, and vendor selection, in this recent InformationWeek Research report.

Latest InformationWeek Blog Posts

Who's The CIO Of The Year?
InformationWeek is looking for nominations for its Chief of the Year. If you know of a worthy tech exec -- a person who's visionary, innovative, influential, an impact player -- please let us know.

Oracle Quiet As IRS Probes Quarter Billion Tax Write Off
The IRS is investigating whether Oracle used some accounting tricks to manufacture a quarter billion dollar loss and claim a $78 million refund. So far, Oracle won't talk--is it too busy trying to buy BEA?

Wireless Operators Raking In Your Cash With LBS Apps
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Reports: Apple Cutting Prices, Expanding Selection For DRM-Free iTunes
Apple plans to offer a greater selection of tracks in DRM-free format in the iTunes store, and drop the price to $0.99, in the face of competitive pressure from Amazon.com, according to reports.

No OS With My PC, Thanks: Part Two
I've been sifting through all of comments left for last week's article "Would You Like An OS With Your PC? No Thanks". I fully expected people to dissent -- both from me and each other -- but I've got enough here to chew on for quite some time. Here's my first round of chewing.

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