Once a man and his son, sitting on a horse, were returning from their farms. On the way someone saw them and said “Why are riding both of you on a poor horse. Dont you see the horse cannot walk properly?” The man got off to the horse and start walking. After walking just a mile away, an another man surprised to see the son sitting on the horse where as the man walking. He said to the son ” you fool, dont you ashamed that you are young but even then you are on horse and your father is walking.” The son at once got off to the horse and the man got on.
After covering a short distance, they met to an another man. He shocked to saw man on horse and the son walking. ”Is this not your own son that you yourself is riding while your poor son is walking?” the man asked. The man immidiately got off to the horse. Both walking with their horse reached to the village. The villagers laughed to see them. One of the villagers asked “What is the purpose of keeping horse with you when you are not riding it. Why dont you sit on the horse?” Hearing that the man and his son smiled and went forward.
Moral: People always ready to suggest you for doing a job, but use your head and finish the work in your own way.
professionals, the U.S. on Friday announced additional measures for hiring of foreign specialists under the H-1B visa work programme making it more difficult for the companies receiving federal aid money to hire overseas workers. The U.S. …
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In the aftermath of hurricane Katrina, many individuals who thought they had insurance (because they had been paying thousands of dollars in premiums, for years) to cover damages resulting from the hurricane find that they may not be insured for the damages. This is because most insurance policies have specific riders excluding coverage for damage resulting from “flooding.” So if a hurricane blows out a levee causing water to crash into and submerge your house, the damage, although caused by a hurricane, may not be covered.
Many insurance companies offer various forms of insurance to protect key parts of the IT infrastructure. These include general business interruption insurance, reputation insurance, theft, damage or loss insurance, critical document insurance, and various forms of cyber-insurance. However, these policies contain riders and exclusions that are often confusing and mutually contradictory. If there is “physical damage” to a computer that holds your critical documents, you may be covered, but “logical damage” may not be covered. If the hard drives are wiped out by a flood it may be covered, and similarly if they’re wiped by a magnet or a power surge they may be covered — but if they’re wiped by a virus or worm, they are excluded. Thus, in conducting risk assessment it is important to review all of your insurance policies (including your D&O policies) to make sure you have appropriate coverage.
Also remember that when you are reducing your risk by implementing a comprehensive IT security program, you are also reducing the risk of your insurance company who ultimately would have to pay for covered losses. As a result, just as when you put in a smoke alarm or burglar alarm, you should contact the insurance company when you plan to make significant changes in your security to see whether they will reduce your premiums — or better yet, pay for the improvements directly. Some companies, particularly those that offer cyber-insurance policies, will even pay for comprehensive audits or assessment themselves. Free security? What could be better?
