What is your risk profile?

August 2011 News & Events

The recent News of the World hacking scandal has taken pride of place on British television shows over the past weeks. The ease with which some people were able to hack into voice mail messages is astounding. You would think mobile carriers would by default implement some security system to protect private information, but where is the profit in that.

The fact that even with ample warning over the past year or so these companies have still not amended their contracts to comply with the law says it all – it seems to me customer is simply a euphemism for victim in these boardrooms.

Not that we are not used to that. However it does put the responsibility for security and privacy back in the hands of the customer. You cannot rely on these companies to lift a finger to protect your private information unless there is a profit to be made; if they can find a way to charge for it, that is a different story. Nonetheless, the question is, do you trust them?

Do you trust the company that profits from selling your computer's or mobile device's operating system to do everything it can to protect you, or do you rely on third-party applications to secure your system?

Taking it to another level, do you trust the police force to protect you or do you pay more money to a third party to provide additional security. And how do you know whether the third party will deliver on its promises? We have all seen or heard about security guards conveniently looking the other way, whether for profit or to protect themselves and their families. There seems to be no end to the horror stories. So what does one do?

In the end it comes down to identifying the risks you face and mitigating those you want to avoid while accepting those you can deal with.

Personally, if someone wants to listen to my voice mail messages or calls, they are welcome to. I would advise them to get a life. However, I have not been victim to a disaster that has taken a loved one away recently, if I had I would certainly have a different opinion. A company CEO would certainly not agree with me, his/her calls need to be protected at all times.

So it is about identifying and mitigating the risks you face according to your own risk profile – an ever-changing risk profile. Encrypting my phone calls is not something I would do, but there are others that will feel compelled to. I keep backups of my data files because I would be lost without them. They are not worth anything in real monetary terms, but they are worth endless hours of work and stress (and lost revenue) for me if they are lost. It is a risk that needs to be mitigated and it is worth paying for – in my profile.

As business ethics make way for profiteering, perhaps it is time we all examine our risk profiles, personal and business, to see what mitigation we need to implement to retain the safety, security and privacy standards we value.

Andrew Seldon



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
The power of PKI and private sector innovation
Access Control & Identity Management News & Events Government and Parastatal (Industry)
At the recent ID4Africa 2025 Summit in Addis Ababa, the spotlight was firmly on building secure, inclusive, and scalable digital identity ecosystems for the African continent.

Read more...
Bosch Security renamed Keenfinity
News & Events
Globally renowned brands for video systems, access control and intrusion alarm systems, as well as communication systems, unite under the roof of the new company Keenfinity Group.

Read more...
2025 video surveillance market set for improved fortunes
News & Events Surveillance
Novaira Insights has unveiled its latest report, World Market for Video Surveillance Hardware and Software – 2025 Edition, forecasting a healthy growth rate of 8,1% until 2029, excluding China.

Read more...
Wialon announces integration with fleet maintenance and optimisation platform
News & Events Transport (Industry) Logistics (Industry)
Fleet management software platform integrates with a fleet maintenance and optimisation platform to support mutual customers for better workflows and deeper insights into fleet operations.

Read more...
DeepSneak deception
Information Security News & Events
Kaspersky Global Research & Analysis researchers have discovered a new malicious campaign which is distributing a Trojan through a fake DeepSeek-R1 Large Language Model (LLM) app for PCs.

Read more...
Almost 50% of companies choose to pay the ransom
News & Events Information Security
This year’s Sophos State of Ransomware 2025 report found that nearly 50% of companies paid the ransom to get their data back, the second-highest rate of ransom payment for ransom demands in six years.

Read more...
Value and industry insight
Securex South Africa Training & Education News & Events
Securex South Africa 2025, co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo, drew thousands of security professionals from across the continent and beyond, offering a platform for networking, product discovery, and knowledge sharing.

Read more...
Gallagher Security achieves ISO 27001 recertification
News & Events Training & Education
Gallagher Security has successfully achieved certification to the updated ISO/IEC 27001:2022 standard for Information Security Management Systems (ISMS). This accomplishment builds on previous certifications and reflects a continued commitment to the highest standards of information security.

Read more...
Survey highlights cost of cyberdamage to industrial companies
Kaspersky Information Security News & Events
The majority of industrial organisations estimate their financial losses caused by cyberattacks to be over $1 million, while almost one in four report losses exceeding $5 million, and for some, it surpasses $10 million.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.