It does seem IT and large business never seem to go hand in hand...
You can guarantee any new government database will break when it goes live, and the Banking industry is shell shocked from recent IT upgrade woes...
But anyone see what happened to the US trading firm Knight Capital?
"An IT glitch on Wednesday caused its trading to go haywire, losing it $440m...The software glitch is thought to have affected Knight's trading algorithms, which are computer programs that automatically and speedily send out buy and sell orders based on market data and client requests"
BBC News - Knight Capital 'is close to rescue deal'
Ouch! Must have been a few smiling investor faces though if the glitch worked in their favour!
First I'm hearing of this. Yep mistakes like this can be very costly as you can see with some companies not wanting to trade with Knight Capital again. When people think that you don't have proper backup systems in place to do with possible issues like this then there is not much you can do. Trust/goodwill is a big commodity. Accounting Help
Do you remember a few years back when the BT servers went down with no back up and effectively wiped out the internet for a whole day? At least I got a paid day off work  FreelanceScribbler
LinkedIn and other high-profile companies like Sony experienced some turbulent IT woes with profiles being compromised. There are some great ITs out there doing splendid work with firewalls and other security measures, but for every great IT, there's a person from Anonymous or somewhere else finding a way to break through. The NSA just recently went to some major conference for hackers and the lot and tried openly recruiting them. Arrowhead3
“LinkedIn and other high-profile companies like Sony experienced some turbulent IT woes with profiles being compromised. There are some great ITs out there doing splendid work with firewalls and other security measures, but for every great IT, there's a person from Anonymous or somewhere else finding a way to break through. The NSA just recently went to some major conference for hackers and the lot and tried openly recruiting them.” I used to work for a recruiter and many times I saw job applications come through where people were looking for ethical hackers. That in itself bothered me, because if they can hack into things, what's to say they don't leave a backdoor wide open for others?  Thanks, Dreamraven
“Do you remember a few years back when the BT servers went down with no back up and effectively wiped out the internet for a whole day?” I don't remember that? Must have missed that one. My favourite one is when Google UK went off the air for half a day a couple of years ago, which took out just about every site with adsense or analytics code  “There are some great ITs out there doing splendid work with firewalls and other security measures..” There are also a lot of complete muppets out there as well who shouldn't be allowed any where near a router, firewall or server  I remember seeing ethical hackers when I was in corporate land. They were easy to spot, long unwashed hair, shorts, sandals and flash cars |
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