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Just as with the Y2K crisis of seven years ago, IT workers are being called upon to don superhero suits and save the enterprise from impending technology trouble. But this time, IT will be sifting through the complexities of the federal Sarbanes-Oxley Act of 2002

Public Companies over 75 million already need to comply by 12/15/2007...

Will your SMB be Ready?


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June 26th, 2007

Top Compliance News

First ever HHS HIPAA audit questions detailed  

Auditors inspect hospital’s policies and procedures on 42 IT security topics

http://www.itcinstitute.com/info.aspx?id=40041

VA puts aside $20 MM to cover latest data breach

Missing hard drive holds information on nearly every US doctor

http://www.itcinstitute.com/info.aspx?id=40042

Supreme Court upholds strict standard of proof for corporate fraud

Private Securities Litigation Reform Act upheld, "cogent and compelling" burden of proof stands

http://www.itcinstitute.com/info.aspx?id=40043

French ban BlackBerries

National security concerns cite fear of data interception

http://www.itcinstitute.com/info.aspx?id=40044

Mpack exploit causing massive Web site infections

Victims in Europe and the US infected with a keylogger on their machines

http://www.itcinstitute.com/info.aspx?id=40045

RegulationWatch

Wall Street regulators offer new electronic message guidelines

Electronic messages that cannot be monitored should be blocked

http://www.itcinstitute.com/info.aspx?id=40046

White House circumvented e-mail preservation law

Staffers defied the law by using Republican National Committee e-mail

http://www.itcinstitute.com/info.aspx?id=40047

Federal agencies skating on FISMA

Complying with FISMA does not equate to better security, according to GAO

http://www.itcinstitute.com/info.aspx?id=40048

SEC seeks additional comment on upcoming AS5

Clarifying "materiality" and "material weakness" is a priority

http://www.itcinstitute.com/info.aspx?id=40049

 

 

New Research

IT professionals confess they are unequipped to handle a data breach

Many divulge they can neither detect a breach nor notify victims

http://www.itcinstitute.com/info.aspx?id=40050

Use of real data to test payment card systems risks privacy and security

No valid test data exists, forcing merchants to use real customer data

http://www.itcinstitute.com/info.aspx?id=40051

IT headaches are a major time sink for business managers

Business managers spend more than 10 percent of their time on IT-related crises

http://www.itcinstitute.com/info.aspx?id=40052

Phishing up while spam stays static

Study reveals a 784 percent rise in phishing Web sites in first quarter of 2007

http://www.itcinstitute.com/info.aspx?id=40053

ProsecutionWATCH

AOL phisher nets six years of prison

First person convicted under CAN-SPAM Act gets six year jail sentence

http://www.itcinstitute.com/info.aspx?id=40054

Former Enron Broadband CEO gets two years of prison

Enron internet chief faces 27 months in jail and $15MM fine

http://www.itcinstitute.com/info.aspx?id=40055

Four banks charged in Parmalat collapse

Citigroup, UBS AG, Deutsche Bank AG, and Morgan Stanley face market-rigging charges

http://www.itcinstitute.com/info.aspx?id=40056

Los Alamos National Laboratory accused of security breach

Los Alamos contractor sent nuclear secrets by unencrypted e-mail

http://www.itcinstitute.com/info.aspx?id=40057

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