Re: 3 Out of 4 Financial Institutions Suffered External Breach in Past Yea r

[Valdis.Kletnieks () vt edu]

On Wed, 14 Jun 2006 22:32:15 -0000, Fergie said:

> More than three out of every four of the world’s largest financial
> institutions experienced an external security breach in the past year,
> a dramatic increase over 2005, a new survey has revealed.

What a totally pointless statistic.  It would be *much* more useful
if it said something regarding the average size of the breach, possibly
in relation to the size of the institution.

Here's an invented but almost certainly true statistic:

"100% of the world's 100 largest retailers had shoplifting incidents in the
past year". (For that matter, does *anybody* know a retailer of *any* size that
manages to go an entire year without a shoplifting incident?)

So?  BFD. It's a totally content-free factoid. It doesn't say anything about
what the costs of shoplifting are for the retailers.  In the real world, the
retailers know they set aside 2% for "shrinkage", or whatever a good percentage
is, and balance the cost of more security against the cost of stuff that goes
out the door unpaid. Now what would be *news* is if that 2% had risen to 5%, or
dropped, or shown other significant changes...

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