When you spend someone elses money on someone else... you have no incentive to care about cost or benefit.
The price of a root canal seems to have very little correlation with the desire of the population for a root canal.
I'm thinking the market for prostate exams, mammograms, broken bone casts is kind of the same
You're missing the point. If the consumer isn't paying (directly) for the root canal, then there will be no incentive for him to choose the "free" root canal over the "expensive" root canal. The choice will be made by some other factor, such as proximity of the dentist's office to his home, the attractiveness of the hygienist, or the quality of the magazines in the waiting room. In fact, if the "expensive" root canal costs more because that dentist uses more or better painkillers, then there will be the perverse "incentive" of the non-paying consumer to choose the more expensive option.
The market for mammograms and prostate exams would be drastically different. Those are diagnostic procedures. Opting out of either of those does not translate immediately into negative patient outcome or prolonged pain. I would expect demand for such procedures to be much much more elastic than it would be for root canals, broken bone treatments, or , for example, chemotherapy.
Well, there is no LEGAL way for the airlines to enforce the "return air ticket" rule, but they do.
Sure there is. The US Government has legal jurisdiction over US airports. They can refuse planes permission to land unless all incoming passengers on visitor/tourist visas have a return ticket.
Conversely, barring an extant agreement between the US and UK governments, the US government does not have legal standing to dictate to BA or Virgin what procedures they must follow when flying between the UK and Canada (or Cuba, or Bahamas, etc.).
why is it that those that can afford the very best fly across the world to get their care in the U.S.
People from all over the world who can afford the very best order their high end sports cars from Italy. Therefore, all Italians must drive the best, fastest cars in the world.
Fair point. Without knowing anything about the industry though, I'd say that if Heartland can survive losing 130 million accounts, GP should be OK losing 1% of that.
I'm guessing most/.ers don't have a problem with the people copying the CC numbers. They just have a problem with them using those numbers to buy stuff.
In computer terms, it would be like asking people to use the same username in lots of different places, and then having everyone use their username as their password.
+1 Insightful
It's kind of obvious, but then I guess most insightful comments are in hindsight.
GP should be fine. It looks like the average loss is anywhere from $1 to $10 per account, so they're looking at an upper bound of $15-$20m, or about 5% of their unrestricted cash assets.
Global Payments, the processor blamed for a Visa and Mastercard data breach last week, is likely to be able to manage its financial hit related to beefing up security.... If that figure sticks, Global Payments can weather the data breach, analysts said. For instance, Wells Fargo Timothy Willi said in a research note that Global Payments, which has $300 million to $400 million in unrestricted cash, can pay for the damage.
Willi’s take, which lines up with other analysts, is based on the data breach suffered by Heartland in 2008. Heartland is another payment processor and the accounts compromised ran as high as 130 million in a breach that lasted for months. Heartland’s tab to data has been $147 million.
Given Global Payments’ compromised accounts is about 10 million the tab should be lower. RBS WorldPay also had 1.5 million accounts compromised with $9 million of fraud losses.
Really? It takes you an 7 hours to call and cancel your card? You're doing something wrong. Even is the CSR on the other end is overseas and has an accent, it's never taken me more than 10-15 minutes to do that.
Given that The plot of Neal Stephenson's latest book REAMDE involves terrorists crash landing a business jet in northern BC and hiking across the border, you ca expect them to broaden this to people chartering planes and buying camping gear.
Let's not forget the airlines. There's no legal way to enforce this (well, they might have an agreement in place with the UK govt), so it's most likely that BA et al are willingly complying so that they don't get shut out of US airports.
Why should a school or any other institution have anything to say - or even any interest in - what you do when you're not on their grounds?
It's reasonable to think that a school would have an interest in, for example, organized bullying (cyber or otherwise) by one student or group of students against another. The actions of students naturally tend to spill over from "on school grounds" to "off school grounds," and vice versa. If a student is walking to school, and is harassed by other students across the street from the school, should the school as an institution take an interest? I'd say yes.
63% more expensive isn't much? OK, in absolute dollars it's not too significant when you're talking about 10 TB. But if you're storing 100s of TB, that difference becomes pronounced.
That was the lightning strike that wiped out your $55K cheap solution where you're storing the data SOX requires you to keep.
So what you're saying is that when storing SOX-compliant data you aren't going to institute a separate disaster region DR mirror? Or even an offsite BC solution?
Why would you set up a VPN that effectively takes over your computer?
To make sure that any traffic sent to or from said computer routes through your network so that you can monitor it.
Now, I can understand this on a certain level (e.g. to prevent students from visiting porn sites or spam/virus sites). But it seems what's going on in this case is that the school is looking at packets or URLs to link students to social networking accounts, and then monitoring those accounts for illicit content. That's a bit more intrusive. Of course, there is plenty of precedent for restricting students rights both on and off campus, but actively monitoring (or logging) students "private" online communication seems a bit much. What's their policy on data retention? Do they stop monitoring Twitter accounts when the student graduates?
We're now shipping US citizens who have never been convicted of any crime, nor left the country, to jails in other countries where we torture them in ways that the Geneva convention bans as war crimes
Like who? Which US citizen has been detained in the US, shipped overseas, and tortured?
Slashdot Mirror
When you spend someone elses money on someone else ... you have no incentive to care about cost or benefit.
The price of a root canal seems to have very little correlation with the desire of the population for a root canal.
I'm thinking the market for prostate exams, mammograms, broken bone casts is kind of the same
You're missing the point. If the consumer isn't paying (directly) for the root canal, then there will be no incentive for him to choose the "free" root canal over the "expensive" root canal. The choice will be made by some other factor, such as proximity of the dentist's office to his home, the attractiveness of the hygienist, or the quality of the magazines in the waiting room. In fact, if the "expensive" root canal costs more because that dentist uses more or better painkillers, then there will be the perverse "incentive" of the non-paying consumer to choose the more expensive option.
The market for mammograms and prostate exams would be drastically different. Those are diagnostic procedures. Opting out of either of those does not translate immediately into negative patient outcome or prolonged pain. I would expect demand for such procedures to be much much more elastic than it would be for root canals, broken bone treatments, or , for example, chemotherapy.
Well, there is no LEGAL way for the airlines to enforce the "return air ticket" rule, but they do.
Sure there is. The US Government has legal jurisdiction over US airports. They can refuse planes permission to land unless all incoming passengers on visitor/tourist visas have a return ticket.
Conversely, barring an extant agreement between the US and UK governments, the US government does not have legal standing to dictate to BA or Virgin what procedures they must follow when flying between the UK and Canada (or Cuba, or Bahamas, etc.).
why is it that those that can afford the very best fly across the world to get their care in the U.S.
People from all over the world who can afford the very best order their high end sports cars from Italy. Therefore, all Italians must drive the best, fastest cars in the world.
Fair point. Without knowing anything about the industry though, I'd say that if Heartland can survive losing 130 million accounts, GP should be OK losing 1% of that.
Oh. Well that idea is so stupid (for obvious reasons) I don't feel bad for not understanding it on the first pass. I guess he was trying to be funny?
I'm guessing most /.ers don't have a problem with the people copying the CC numbers. They just have a problem with them using those numbers to buy stuff.
Welcome to Mexico.
Does this mean you have RFID key fobs or compromised banks? I want to assume the latter, but I also don't want to be racist.
In computer terms, it would be like asking people to use the same username in lots of different places, and then having everyone use their username as their password.
+1 Insightful
It's kind of obvious, but then I guess most insightful comments are in hindsight.
GP should be fine. It looks like the average loss is anywhere from $1 to $10 per account, so they're looking at an upper bound of $15-$20m, or about 5% of their unrestricted cash assets.
From an article linked to in TFA:
Global Payments, the processor blamed for a Visa and Mastercard data breach last week, is likely to be able to manage its financial hit related to beefing up security. ...
If that figure sticks, Global Payments can weather the data breach, analysts said. For instance, Wells Fargo Timothy Willi said in a research note that Global Payments, which has $300 million to $400 million in unrestricted cash, can pay for the damage.
Willi’s take, which lines up with other analysts, is based on the data breach suffered by Heartland in 2008. Heartland is another payment processor and the accounts compromised ran as high as 130 million in a breach that lasted for months. Heartland’s tab to data has been $147 million.
Given Global Payments’ compromised accounts is about 10 million the tab should be lower. RBS WorldPay also had 1.5 million accounts compromised with $9 million of fraud losses.
Really? It takes you an 7 hours to call and cancel your card? You're doing something wrong. Even is the CSR on the other end is overseas and has an accent, it's never taken me more than 10-15 minutes to do that.
It's not. But if you turn around and file a fraud claim on those charges, that would be illegal.
Given that The plot of Neal Stephenson's latest book REAMDE involves terrorists crash landing a business jet in northern BC and hiking across the border, you ca expect them to broaden this to people chartering planes and buying camping gear.
Let's not forget the airlines. There's no legal way to enforce this (well, they might have an agreement in place with the UK govt), so it's most likely that BA et al are willingly complying so that they don't get shut out of US airports.
Why should a school or any other institution have anything to say - or even any interest in - what you do when you're not on their grounds?
It's reasonable to think that a school would have an interest in, for example, organized bullying (cyber or otherwise) by one student or group of students against another. The actions of students naturally tend to spill over from "on school grounds" to "off school grounds," and vice versa. If a student is walking to school, and is harassed by other students across the street from the school, should the school as an institution take an interest? I'd say yes.
63% more expensive isn't much? OK, in absolute dollars it's not too significant when you're talking about 10 TB. But if you're storing 100s of TB, that difference becomes pronounced.
ZZZZZAAAP.
That was the lightning strike that wiped out your $55K cheap solution where you're storing the data SOX requires you to keep.
So what you're saying is that when storing SOX-compliant data you aren't going to institute a separate disaster region DR mirror? Or even an offsite BC solution?
I agree with your first sentence. Not sure about the rest.... it was too much to read.
Why would you set up a VPN that effectively takes over your computer?
To make sure that any traffic sent to or from said computer routes through your network so that you can monitor it.
Now, I can understand this on a certain level (e.g. to prevent students from visiting porn sites or spam/virus sites). But it seems what's going on in this case is that the school is looking at packets or URLs to link students to social networking accounts, and then monitoring those accounts for illicit content. That's a bit more intrusive. Of course, there is plenty of precedent for restricting students rights both on and off campus, but actively monitoring (or logging) students "private" online communication seems a bit much. What's their policy on data retention? Do they stop monitoring Twitter accounts when the student graduates?
Also, 4chan and Reddit will merge.
Verily as it was foreseen when the cresting brown tide of 4chan broke over the shores of /.
.I am not even sure if people outside of the IT department understand this.... but... a HS kid is expected to?
I'd wager a HS student is *more* likely to understand it then the average non-IT adult.
We're now shipping US citizens who have never been convicted of any crime, nor left the country, to jails in other countries where we torture them in ways that the Geneva convention bans as war crimes
Like who? Which US citizen has been detained in the US, shipped overseas, and tortured?
I was much more aware of my left hand for the next few months
".... if you know what I mean."
Or that all Americans are obese gun fanatics.
Oh wait.
News Flash.... Google is collecting this information whether you choose to receive it or not.
If anything, this type of service will raise user's awareness of just how much companies like Google know about you.
Sony Corporation's CEO is American until next week.
He's being stripped of his citizenship in 7 days?