Information Security: Why Cybercriminals Are Smiling
Published: August 19, 2009 in Knowledge@Wharton
Hardly a week goes by without some new internet security snafu being reported. And with web usage exploding, expect to hear about a lot more. According to a new analysis from Forrester Research, the number of Internet users is forecast to grow 45% globally over the next four years, reaching 2.2 billion by 2013. More people online, more data to hack -- it's a cybercriminal's paradise. read more
Is It Fair to Blame Fair Value Accounting for the Financial Crisis?
Published in Harvard Business Review
Investors and corporate executives don’t agree on how to value distressed assets. But maybe they don’t have to. What was the primary cause of the current financial crisis? Subprime mortgages, credit default swaps, or excessive debt? None of those, says Steve Forbes, chairman of Forbes Media and sometime political candidate. In his view, mark-to-market accounting was “the principal reason” that the U.S. financial system melted down in 2008. read more
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