Who pays for high priority server problem?

I read in your business section (Irish Examiner, Oct 10) how the Central Bank lost communication to a high priority server.

This server stores critical financial data about our country’s finances and to make matters worse this server is managed off-site by a third party company.

What interested me was the response by the finance minister. No inquiry is being held into why or what happened. If this were to happen in the private sector a remediation plan would be put in place. Most companies would also be in breach of SOX compliance. Being in breach of this is not something to take lightly. It can protect a company’s financial position. Maybe we could protect our country’s financial position by implementing SOX.

No wonder we had a financial meltdown when our Minister for Finance has failed to grasp the seriousness of the situation and the potential impact this could have on our recovery. The minster must learn that IT comes under his remit as well as managing the day-to-day finances of the country.

Why is the server being managed off-site by a third party when it most certainly stores confidential data?

Can we stand over our financial position as a result of these communication errors? Has there been any impact to our country as a result of this server being unavailable?

Maitias Ó Luasaigh

Donnybrook Hill

Douglas

Cork