I really didn’t empathize with the CEO, Erik Voorhees, in reading this. I thought he just seemed incompetent in a company dealing with money. It seems like the company is only lucky that its product doesn’t host client Bitcoins. The rogue developer is tough, but this is why we have a lot of regulation around financial services (which fail sometimes, too!)
Yeah. It’s OK to not be a security engineer, but to never think “Gee, I’m holding a lot of other people’s money in a laughably liquid and stealable form, I should hire a security engineer” and then, after getting hacked three times, write “You should hire a security engineer!” like it’s an insightful, hard-won lesson is kind of clueless.
when we got to the shadowy hacker who responds to mail and says “one word: bob”, that’s about when my eyes rolled so hard I had to be airlifted to the hospital.
I really didn’t empathize with the CEO, Erik Voorhees, in reading this. I thought he just seemed incompetent in a company dealing with money. It seems like the company is only lucky that its product doesn’t host client Bitcoins. The rogue developer is tough, but this is why we have a lot of regulation around financial services (which fail sometimes, too!)
Yeah. It’s OK to not be a security engineer, but to never think “Gee, I’m holding a lot of other people’s money in a laughably liquid and stealable form, I should hire a security engineer” and then, after getting hacked three times, write “You should hire a security engineer!” like it’s an insightful, hard-won lesson is kind of clueless.
The entire company sounds like it was a cobbled together without an understanding for security. Ridiculous.
Erik deserves a lot of the blame for the losses.
when we got to the shadowy hacker who responds to mail and says “one word: bob”, that’s about when my eyes rolled so hard I had to be airlifted to the hospital.
I hit that point around ‘social serfdom number’.