2: Information Security and Business Risk
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The funniest example, though unrelated to a
security problem, was General Dynamics’
construction of the first atomic submarines in the
US, which was a project of huge prestige and
technological advances, as well as enormous cost
and timeline overdrafts. At one point, the US Navy
refused to pay for all the excess costs incurred (the
total amount involved was close to $600 million),
so General Dynamics sued the US government (its
customer) for payment. While that was only
partially successful, General Dynamics’ insurance
organisation, which happened to be the
Department of the Navy, had to eventually pay for
the remainder. This example shows that in some
areas of business one can actuall ...