Where is the CIO/CTO in all of this? Would we expect a US President (or any Chief Executive of any country) to understand the importance of two-factor authentication? Or to audit his Nuclear Football? How many breaches of the VA occurred and we do not blame the President. We do criticize the response to these breeches and this CEO's response is "Thanks for all the fish," but we do tend to like it when heads roll; so I have no idea who is to actually be blamed and I think it is unreasonable to even begin assessing blame at this time.
> Would we expect a US President (or any Chief Executive of any country) to understand the importance of two-factor authentication?
No, but I would expect him/her to hire competent people who do.
Either you are responsible for the performance of the company or you aren't. If you are you can be richly rewarded when it performs well, but that should also include penalties when you fuck up.
I heard a commentator (I think from Forbes) say that it is bad that the CEO is leaving because you now have an additional crisis of finding a new one on top of the current mess. Although I suppose this assumes that the now retired CEO has knowledge of the company that is valuable... Time will tell.
Anything pre-dating the fractional reserve system. Allowing entities to create value from no effort is not raising capital. Fractional Reserve systems lessen the skin-in-the-game spoken of earlier and transfer to societal decision making from the people doing the work and taking the risk to bureaucracies that are 'too big to fail'.
SQRL is very close to being released. I thought this article and the comments were interesting and am curious as to what we think about 'passwordless' authentication. For updated information go to https://www.grc.com/sqrl/sqrl.htm
