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Tag Archives: Knight Capital Group

Integrity First … Then Availability … Then Confidentiality

– “Whatever happens, the system’s integrity must be restored.” This quotation appeared in an August 10, 2012 article “Knight Capital trading disaster portends frightening future for markets” by Diane Francis available at …

Is Infosec Self-Isolating?

– … and , if so, what are the consequences? My July 23, 2012 column, “It’s About Availability and Integrity (not so much Confidentiality)” caused something of a stir when I claimed that availability is often more important than confidentiality, as illustrated by the case of the Ulster…

Can We Prevent Knight Capital Types of Debacle?

– … or are we destined for such disasters to be repeated with increasing frequency? It can be construed from reports as to why new software installed before the New York Stock Exchange opened for business on August 1, 2012 by securities firm Knight Capital went berserk, that the firm does in…

Glitch Reporting Glitch. Where was V&V?

– You are likely well aware of the computer failure that cost Knight Capital Group, Inc. $440 million in just 45 minutes at the opening of the New York Stock Exchange on Wednesday, August 1, 2012. A programming mistake apparently caused KCG’s trading system to send out large numbers of erroneous…