Thursday, June 08, 2006

Veterans Data Debacle: Biz Opportunity?

WASHINGTON, D.C. - What a mess. At the end of May, the U.S. Department of Veterans Affairs acknowledged that thieves had made off with a laptop containing Social Security numbers and other sensitive information for as many as 27 million veterans.

On Wednesday, five veterans groups filed a class action seeking, among other relief, $1,000 for each veteran able to demonstrate being harmed by the data loss.

But, as often happens in business, one man's disaster is another's opportunity. For Nicholas Magliato, chief executive of Trust Digital of McLean, Va., situations like the VA's serve as a way to fire up his 50 employees.

Full story at Forbes.com