Radian Compliance Management Services

Top Compliance News

Visa clamps down on high-end PCI DSS noncompliance | Top-tier merchants who are noncompliant by October 1 face higher fees and fines | http://www.itcinstitute.com/info.aspx?id=41867

SOX has cut fraud, SEC official insists | SEC devotes 24 percent of its caseload to financial fraud, down from nearly 30 percent from last year | http://www.itcinstitute.com/info.aspx?id=41868

Data thieves heist top secret UK police server | Thousands of mobile phone records from terrorist and Mob investigations vanish | http://www.itcinstitute.com/info.aspx?id=41869

Apple hit with class action suit for noncompliance with FCRA | Companies that reveal protected credit card information on printed receipts are in violation | http://www.itcinstitute.com/info.aspx?id=41870

TJX levies $118MM second-quarter charge resulting from its data breach | The cost stems from $11MM for data breach forensics and $107MM for potential liability | http://www.itcinstitute.com/info.aspx?id=41871

Regulation Watch

Federal agencies struggle to keep up with OMB security mandates | Latest OMB security memo sets September 21 deadline for data breach notification policies | http://www.itcinstitute.com/info.aspx?id=41872

NIST solicits public comments on three security-related documents | WiFi, Bluetooth, end-user storage encryption, and SSL VPN are covered | http://www.itcinstitute.com/info.aspx?id=41873

C-SOX looms for Canadian corporations | Studying the American experience makes compliance go smoother, experts say | http://www.itcinstitute.com/info.aspx?id=41874

DHS revamps Secure Flight passenger-screening program | Program overhaul bypasses airlines and takes direct control of the passenger list | http://www.itcinstitute.com/info.aspx?id=41875

Posted in Compliance Management, Regulatory Reform | No Comments »

Continuity Corner #2

 Disasters in the Midwest?

Since the Radian Group is located in the midwest a frequent excuse for business’s to not develop BCP’s is

• We don’t have have earthquakes or hurricanes.
• Nothing will ever happen to use.
• What could possibly put me out of business in the surburban Chicago?

After doing a little research, I have listed some of the big events that have happened over the last 15 years. This of course does not even address small fires, IT failures, small scale power outages after a storm, or office closures due to snow storms.

• 2007 May 13^th: Fox Lumber Fire; 2500 Com Ed customers lost power.
• 2006 April 13th: Fairview Heights. Roof collapsed on K&G Fashion Superstore;  1 death.
• 2004 Dec 6th: ABN AMRO. Electrical fire started when a ballast in the ceiling overheated and caught fire; no deaths
• 2004 April 20^th: Utica Tornado; 8 deaths
• 2003 October 17^th: Fire caused by a faulty light fixture in Cook County admin building; 6 deaths and 12 injured.
• 2003 August 27^th: Workplace shooting by  a former employee at a Windy City Core Supply, Inc. warehouse; 7 deaths
  
• 2003 February 19^th: Stampede in a  second-floor E2 nightclub; 21 deaths and 50 injured.
• 1995 July 12-16^th: Heat wave with high  daily temperatures, ranging from 93 F  to 104 F; 739 deaths.
• 1992 April 13^th: Chicago freight tunnel flood,  piling driven into the Chicago River bottom caused a leak in one of Chicago’s underground freight tunnels. No Deaths. 

 
  Have you ever had an event which shut your business down for a day or more?

Posted in Business Continuity Management | No Comments »