• 05Jan

    Radian Compliance has updated and re-launched its Web-Site. Radian Compliance offers Information Security & Business Continuity Compliance services through its Compliance Assessment; Readiness and Enablement offerings.

    Changes to the web-site were designed to communicate Radianʼs commitment to provide expert support to organizations faced with increased information security and business continuity expectations from government agencies; customers; and stakeholders of every kind.

    www.radiancompliance.com

    Take a look at the site and feel free to provide your feed-back .

    Filed under: General
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  • 29Dec

    We peruse the Internet headlines so you don’t have to. Here are the recent SOX and GRC headlines (and links) we felt are newsworthy:

    Former Nasdaq Chair’s Scam has Sector Reeling - The unfolding of the $50 billion pyramid scheme by former Nasdaq Chair Bernard Madoff has both investors and the financial sector reeling. Madoff, who was arrested on a securities fraud charge, is out on bail but could face up to 20 years in prison and a $5 million fine if he is convicted. In the meantime, a wide range of investors has come forward as victims of Madoff’s alleged fraud. HSBC, the Royal Bank of Scotland, France’s BNP Paribas, Spain’s Banco Santander, and Japan’s Nomura are among those that have potential losses.

    Siemens AG Face Fines for FCPA Violations - A sweeping probe of Siemens AG’s multinational business practices resulted in $450 million in criminal fines for the company’s violations of the Foreign Corrupt Practices Act (FCPA). The FBI, the SEC, and the IRS worked with German authorities to root out over $1.4 billion in bribes to officials around the globe. The U.S. Department of Justice credited Siemens AG’s audit committee for launching an internal FCPA investigation, for cooperating with authorities, for taking disciplinary action against employees at fault, and for implementing a thorough compliance program. In addition to paying criminal fines, Siemens AG will retain an independent compliance monitor for four years.

    IBM Data Governance Council Pushes for New XBRL Taxonomy - Against the backdrop of the SEC’s pending vote about whether or not to require publicly traded companies to submit filings in XBRL beginning with the first quarter of 2009, the IBM Data Governance Council is undertaking an initiative to create semantic clarity in disclosing operational, market, and credit risk. Advocates say that new standards for XBRL will enable regulators to more easily compare data and recognize trends, and computers to create business intelligence frameworks.

    SEC Under Fire - The SEC is under the microscope amid reports that the agency’s enforcement division dropped the ball in investigating entities ranging from Bear Stearns to Bernard Madoff. Those kinds of misses, when considered alongside budget cuts and alleged insider trading by SEC staff members, don’t bode well for the agency.

    Who Will Fill the SEC Slot? - President-elect Barack Obama is rolling out one candidate after another to fill top-level posts in his administration, which begs the question, who will be the next SEC chief? Speculation swirls around former Democratic commissioner at the SEC and Columbia Law School professor Harvey Goldschmid, former SEC commissioner Roel Campos and Gary Gensler, who once worked with Senator Paul Sarbanes, co-author of the SOX Act.

    Filed under: Sarbanes Oxley
    2 Comments
  • 26Dec

    ASIS releases new standard which details chief security officer role
    CSO Standard is a model for organizations to use when developing a leadership position responsible for providing comprehensive, integrated risk strategies to protect an organization from security threats.
    http://www.continuitycentral.com/news04331.html
    •Date:22nd Dec 2008• Region: US

    US looks into cybersecurity issues
    Cybersecurity is now one of the major national security problems facing the United States.
    http://www.continuitycentral.com/news04334.html
    •Date:22nd Dec 2008• Region: US

    Where next for business continuity?
    Has business continuity arrived? Is it the finished product? Are the current standards and best practices the destination of two decades of evolution from disaster recovery? Or is the current stage simply part of a journey to a new and different destination? David Honour comments.
    http://www.continuitycentral.com/feature0629.html
    •Date: 23rd Dec 2008• Region: World