Sunday, March 25th, 2007
Access Control: 10 Best Practices
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Properly implemented, access controls only give employees access to the applications and databases they need to do their jobs. At many regulated organizations, such controls are too often manual, outdated, and largely ineffective. Here’s how to overhaul your access control program. View article…
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Study Shows Banks Could Increase Profitability By $8.3 Billion Per Year If Stronger Security Measures Implemented
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31 Million Would Start Banking Online and 39 Million Would Increase Online Banking Usage If Offered Identity Protection Software View article…
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Failure to click a checkbox wipes out documentation of $38 billion fund
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Alaskan IT workers scramble to rescan 800,000 documents View article…
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TJX data breach leads to Wal-Mart gift card fraud
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Six arrested after scamming Wal-Mart for about $8 million, after using stolen data to create counterfeit credit cards to buy gift cards View article…
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Corporate lawyers are spending more time on regulation, survey shows
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Lawyers in the healthcare and retail fields have seen the highest increases View article…
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Posted in Industry News, Regulatory Reform | No Comments »
Wednesday, March 21st, 2007
Taking Action to Protect Sensitive Data - view report
You might be surprised to find that::
· 90% of all organizations are experiencing more than two losses of sensitive data each year
· 20% are suffering from 22 or more data losses annually
Last year, Sarbanes-Oxley (SOX) dominated companies’ compliance efforts, organizations increasingly adopted endpoint security, data breaches grew epidemic, and experts warned companies Microsoft OS Vista would be no silver bullet for compliance or security efforts. [more]
Door locks are the often overlooked weak link in IT security - Yesterday, March 21, 2007, 3:00:00 AM
Many can be defeated in seconds with simple equipment
Related Stories:
HEADLINES
Modern photocopiers fingered as new security threat
Hard drives retain unencrypted images of the originals –> http://www.itcinstitute.com/info.aspx?id=36594
Poor communications are lead cause of IT project failure
Insufficient resources came in as a close second –> http://www.itcinstitute.com/info.aspx?id=36596
Risk management not living up to expectations, survey finds
Most risk managers report left out of key decisions –> http://www.itcinstitute.com/info.aspx?id=36601
WEBINAR
IT Compliance Management - US and European Views Mar.21
Research conducted by IT Compliance Magazine and Scalable Software. The output of this research tackled a number of different issues - attendees will learn the following:
· regulations demanding the most attention
· where responsibility for compliance lies in organizations
· influence and involvement of external consultants
· different attitudes towards services and automation
Join us on March 21 at 12 noon EST
ProsecutionWATCH - ITCi
Japanese celebrity CEO gets prison in Enron-like case
He had written bestsellers about how to succeed in business –> http://www.itcinstitute.com/info.aspx?id=36605
SEC brings fraud charges against four former Nortel executives
Executives hid over $300 million in excess reserves from income statements –> http://www.itcinstitute.com/info.aspx?id=36606
LexisNexis break-in brings a year in prison
Gang breached a database routinely used by law enforcement –> http://www.itcinstitute.com/info.aspx?id=36607
SEC charges three Indian hackers with online brokerage account hijackings
Indian trio bought stock and then hijacked accounts to drive up the price –> http://www.itcinstitute.com/info.aspx?id=36608
Posted in Compliance Management, Sarbanes Oxley | No Comments »
Sunday, March 18th, 2007
SEC’s Cox Says He Opposes Weakening Sarbanes-Oxley (Update5) - SEC Chairman Christopher Cox told the largest U.S. business lobby he opposes weakening the Sarbanes-Oxley Act, rejecting the group’s claim that the law has made the nation’s financial markets less competitive.
Sarbanes-Oxley fix debated at competition summit - Key lawmakers and regulators debated the effectiveness of the Sarbanes-Oxley anti-fraud law at a summit on American competitiveness Wednesday, with no quick fix emerging about the often criticized act.
Regulations, litigation criticized at conference - Litigation and accounting regulations came under criticism Tuesday during a conference sponsored by the Treasury Department at Georgetown University featuring Wall Street and Washington luminaries who said the competitiveness of the U.S. economy is being challenged.
Paulson says need to examine regulatory scope - U.S. Treasury Secretary Henry Paulson suggested on Tuesday that regulatory scrutiny of corporate behavior may have grown so excessive that it poses a threat to market competitiveness.
Paulson: Regulation Should Be ‘Principles-Based’ - Treasury Secretary Henry Paulson said that U.S. rulemakers should consider adopting "principles-based" regulations and accounting standards in a speech at the Capital Markets Competitiveness Conference.
Top Business Leaders Discuss Market Laws - Warren Buffett said the "capitalist system" is doing fine under current financial regulations, thank you very much. Alan Greenspan called for focusing on fraud that erodes the market.
Short-term CFOs Equal Short-term Planning - Job pressure is driving finance chiefs out of their positions sooner these days. And that, along with shorter CEO tenures, is affecting corporate investment decisions, a new survey says.
Posted in Regulatory Reform, Sarbanes Oxley | No Comments »
