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September 19, 2008

Following the herd

Perhaps the most important skill a security specialist needs is the ability to ask what might appear to be a stupid question.

  • This new firewall you spent $100,000 on, is it actually configured to reject any traffic?

The reason this comes to mind is the current financial crisis which commentators appear to agree was due to a widespread failure to correctly quantify risk. In particular it appears that at least some of the frighteningly clever derrivative instruments involved were so frighteningly clever that nobody could quite explain them.


How did things get like this?


Well, someone has a bright idea selling futures in diesel powered nuns. They mention it to a friend who thinks it might be a good idea to buy. Others follow suit and a market is born. In practice this means that a twenty-something chap or chapess with a second class degree in PPE or classics from Oxford and a smart suit makes money for their employer by being slightly quicker to spot market trends and lay ten million dollar bets on diesel powered nunnery than the twenty something from Cambridge in the bank next door.


People who ask what a diesel powered nun is will receive a condescending lecture on the difficulty of understanding high finance instead of an explanation. But most people will not ask and many will take a perverse pride in their ignorance.


Nobody will ask that is, right up to the point where the whole artifice collapses and the flaws become obvious.

December 19, 2007

The dotCrime Manifesto goes to press

Blogging here has been light while I was finishing my book The dotCrime Manifesto: How to Stop Internet Crime.

Now its available for Pre-Order at Amazon.com its time to get back to posting.

August 2, 2006

The Accountable Web

It is frequently asserted that little thought was given to security in the design of the Internet. In the case of the Web at least the assertion is false. Security was a major issue as early as 1993, long before the dotCom era.

Or was it?

A lot of time was spent on implementing cryptography. The view of the time was that cryptography is a sufficiently powerful tool that we can solve any problem provided that we use enough of it. This view turned out to be naive and wrong.

The Accountable Web is an attempt to fix that problem.

Continue reading "The Accountable Web" »