http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8797993/Betfair-is-in-for-a-rough-ride-over-data-theft.html By Alistair Osborne Telegraph 30 Sep 2011 Among 13 pages of risk factors was the generic heading: "Failure to adequately protect customer account information could have a material adverse effect on Betfair." In one sentence the betting exchange, then shooting for a £1.39bn valuation, admitted it had "experienced a limited number of security breaches in the past [which have not had a significant effect on Betfair's reputation, operations, financial performance and prospects and in respect of which remedial action has been taken]". No great drama there, then. Indeed, any potential investor weighing up last October's £13-a-share float was much more likely to have focused on the prominent description of Betfair's "unique" exchange technology, supporting more than 3m registered customers. It "processed, on average, more than 5m transactions per day... more than on all European stock exchanges combined", page two of the prospectus trumpeted -- a claim frequently echoed by David Yu, the man who graduated from chief technology officer to chief executive. [...] _____________________________________________________________ FINAL CALL to register #HITB2011KUL - Asia's premier deep-knowledge network security event now in it's 9th year! http://conference.hitb.org/hitbsecconf2011kul/Received on Mon Oct 03 2011 - 01:46:49 PDT
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