By ECM Plus Staff
Britain’s financial services sector will gain an extra £12 billion a year in revenues as a result of the nation taking back control of regulation when it leaves the EU, according to a new report.
By ECM Plus Staff
Britain’s financial services sector will gain an extra £12 billion a year in revenues as a result of the nation taking back control of regulation when it leaves the EU, according to a new report.
Social networks: can robots violate user privacy?
ECM Plus +++ Recent news in the international media has revealed numerous Internet privacy concerns that definitely deserve attention and further investigation, which is why Geneva-based High-Tech Bridge decided to conduct a simple technical experiment to verify how the 50 largest social networks, web services and free emails systems respect – or indeed abuse – the privacy of their users.
According to High-Tech Bridge, the experiment and its results can be reproduced by anyone, as we tried to be as neutral and objective as possible. Continue reading
Filed under Analysis, Analytics & Metrics, Business Risk, Compliance, Content Curation, Content Governance, Content Management, Content management system (CMS), Content Protection, Content Security, Corporate Civic Responsibility (CCR), Corporate Governance, Customer Relations Management (CRM), Data mining, Data privacy, Data protection, Data storage, Digital asset management, Enterprise Content Management, GRC (Governance, Risk & Compliance), Industry News, Information Governance, Information Management, Information security, Intellectual Property (IP), Intelligent Search, Legal, Policy Management, Regulatory Compliance, Reporting, Risk Analysis, Risk Assessment, Risk Management, Security Content Management (SCM), Social Content Management, Trusted Cloud, UGC - User-generated content, WCM
Fiercely divided opinion on BYOD despite ‘hype’
By ECM Plus staff
ECM Plus /London/ +++ A new survey has revealed that fears are rising around the hidden costs of BYOD deployment – as well as ‘class divides’ and evidence that company managers are using BYOD to ‘pacify’ staff.
Moreover, some IT managers are even asking ‘is it worth surrendering control just to raise staff morale?’
Opinion is still divided when it comes to implementing ‘Bring Your Own Device’ strategies within businesses, with many at the top suggesting that such deployments create more problems than they solve. Continue reading
Late payments debt high enough to put UK SMEs out of business
By ECM Plus staff
ECM Plus /London/ +++ As the number of British small and medium-sized businesses facing late payments reaches more than a million – with a total aggregated outstanding debt of almost £36.4 billion, many SMEs are in danger of going under.
That’s the startling finding according to new research undertaken for payment specialists BACS.
According to the shocking findings, nationally, the average amount owed to one of Britain’s SMEs is £36,000 – yet 35 percent of SMEs reported that late payment debts of up to just £20,000 would be enough to put them out of business, in a survey by BACS Payment Schemes, the company the runs the Direct Debit system. Continue reading
Currency crisis to bring ‘creeping European dictatorship’
ECM Plus /London/ +++ Businesses trying to plan investment for the future and commerce with increasing mountains of bureaucratic ‘jobsworth’ red tape, compliance, regulations and directives from across the sea had a wake up call this week.
Responding to the ‘State of the Union’ speech by Eurocrat Manuel Barroso, UKIP leader Nigel Farage said Barroso had “totally underestimated the complete fanaticism, Mr Barroso of you, your college of commissioners and the European central bank.” Continue reading
Survey finds SMEs divorcing bank managers
By ECM Plus staff
ECM Plus /London/ +++ Bank managers are being ditched and divorced, as accountants, lawyers and finance directors become the most trusted financial advisers, according to new research into small to medium-sized enterprises.
The new research of 1,000 British small to medium-sized companies by Hitachi Capital Invoice Finance looked at SMEs attitudes and how they really felt about who they trust to keep their business on track. Continue reading
British business owners become their own financiers, set to make banksters obsolete
By ECM Plus staff
ECM Plus /London/ +++ So fed up are British business owners with the bankster establishment, their disinterest in lending or supporting the economy that a group of British entrepreneurs, dissatisfied with ‘business-as-usual’, have come together to ‘tear up the rulebook’ and ‘cutting out the middle-men’. Continue reading
Filed under Accounting, AIM - Alternative Investment Management, Asset management, Brand asset management, Budgeting, Business Risk, Capital Management, Crowd-funding, Equity Capital Markets, Finance, GRC (Governance, Risk & Compliance), Industry News, Investor Relationship Management, Planning & Forecasting, Private Finance, Private Wealth, Risk Management, Trade & Investment, Wealth Management
Government policy under fire as new survey reveals Internet strategy should focus on coverage not speed
By ECM Plus staff
ECM Plus /London/ +++ A new report of 1,500 British small businesses reveals that 57 percent stated that the ‘poor quality of their internet access’ is now adversely affecting their ability to do business.
According to the findings, by Freelancer.co.uk, small businesses in Britain are now at odds with Culture Secretary Jeremy Hunt, who reiterated in a speech at the Google Campus building that broadband speed is more important than coverage. Continue reading
Cyber attacks render smart grids intrinsically unsafe
By ECM Plus staff
ECM Plus /London/ +++ Building owners and designers, and particularly members of the building services industry, are racing to implement intelligent buildings and smart grids, aaccording to new research from a London academic institution. Continue reading
Filed under Analysis, Analytics & Metrics, Business Continuity, Business process automation (BPA), Business Process Management, Business Risk, Consultancy/Consulting/Systems Integration, Contingency Planning, Enterprise Application Integration (EAI), Enterprise architecture (EA), Enterprise Resource Planning (ERP), Information security, Project Management, Risk Analysis, Risk Assessment, Risk Management, Software
Trade figures find exports to ROW nations exceed European Union member states for the first time in 40 years as Europe ‘turns inward’.
By Alison Little
BRITAIN sent a defiant message to Europe yesterday after it emerged our trade is booming with the rest of the world. Continue reading
130,000 call out retail behemoth Walmart’s supplier for ‘forced labor’ and ‘brutal conditions’
VIDEO: http://www.youtube.com/watch?v=cVWos-FBLjQ
ECM Plus +++ In yet another corporate social responsibility PR blunder, a worker’s campaign on change.org is calls on retail giant Walmart to cancel a contract with a seafood supplier accusing the retail corporate of ‘forced labor’. Continue reading
Economic jitters weigh heavy as property market indicators flatter to deceive
By ECM Plus staff
ECM Plus +++ The latest ‘Property Snapshot’ by real estate analysts Colliers International reveals that the lack of robust property fundamentals continues to be more than offset by international economic and political fear.
According to Colliers, safe haven investment is now flowing into British property, in what it calls ‘a defining market feature.’
Key new findings for the economy, Colliers said that despite a positive Q3 of 2011 GDP outturn, uncertainty and concerns about Britain’s economic prospects, what it calls the ‘Eurozone fallout’ and financial issues continue to restrain capital investment and consumer spending substantially. Continue reading
Bank liquidity drought and risk aversion sees Peoplefund.it ‘crowd’ financing taking up the slack, from Frome to Fontainbleu and beyond
By ECM Plus staff
ECM Plus +++ A new venture in South West England is blazing a trail in post-meltdown financing for new, small businesses.
The Bicycle Academy, tipped to be fastest “crowd-funded” enterprise in UK is a Frome-based enterprise which builds bicycles to send to people in Africa, and is ready for business thanks to a revolutionary new website backed by Hugh Fearnley-Whittingstall.
Wide gaps in social justice, comparison finds Britain only in the middle rankings
By ECM Plus staff
ECM Plus +++ Great Britain still has some catching up to do in terms of social justice, according to new research just published by the Bertelsmann Stiftung.
According to the study, among a total of 31 OECD nations, Britain occupies 15th place, in the middle of the ranking. Continue reading
Proposals for ‘elf’n’safety’ jobsworths to charge for inspections
ECM Plus +++ Draconian new state proposals to charge small enterprises for ‘material’ faults found during inspections by the Health and Safety Executive could damage relationships and may be seen as a way to ‘raise revenue’ rather than improving compliance, says the Federation of Small Businesses in response to a consultation which closed Friday.
In a classic case of ‘mission creep’, the HSE quango is proposing to ‘extend’ its current systems of ‘cost recovery’ to include a ‘fee’ for ‘intervention’ where an inspector will charge for the inspection and any subsequent actions when a ‘material’ fault has been found. Continue reading
Australia’s draconian carbon tax is another scurrilous cost burden on a struggling industry
ECM Plus +++ Speaking at the Australian Tourism Directions Conference in Canberra, David Scowsill, President and CEO of the World Travel & Tourism Council (WTTC) recognised Australia’s commitment to the promotion of travel and tourism, but attacked the carbon tax announced by the Australian socialist government yesterday.
Australia is now the seventh largest travel and tourism economy in the world and it is set to maintain this position over the next 10 years. International arrivals are continuing to grow and spending by international visitors in Australia has grown by around a third since 2005. Continue reading
Banks around world failing to meet government commitments – VRL Financial News
By ECM Plus staff
ECM Plus +++ In a new damning report ‘The Best Practices In SME Banking’ released today, top financial and professional services information provider VRL has found that despite demands over commitment by banks to lend more to small-to-medium sized enterprises, in real terms, lending is in fact ‘growing at a snails’ pace’ the report states. Continue reading
Former intelligence officer to discuss additional means to protect sensitive corporate data against risk
By ECM Plus staff
ECM Plus +++ John A. Nolan, III, a retired U.S. Army intelligence officer, author and expert in the field of business intelligence, will be the keynote speaker at document and workflow specialist Cabinet NG’s annual ‘Collaborate’ conference taking place from October 13-14 at The Westin in Huntsville, Alabama.
While Cabinet NG’s software offer storage, protection and compliance, much else is ‘obtainable’ from the people in and around an organisation that could put its sensitive information at risk, the company said, including proprietary information and intellectual property. Continue reading
Audit committee overhaul and specificity dominate reform plans
By ECM Plus staff
ECM Plus +++ The Financial Reporting Council has just launched a brace of new documents, enttled ‘Boards and Risk – A Summary of Discussions with Companies, Investors and Advisers’, and, ‘Boards and Risk – A Summary of Discussions with Companies, Investors and Advisers’ discussing effective corporate stewardship, a move to address more corporate transparency. Continue reading
Filed under Business Risk, Corporate Governance, Corporate Social Responsibility (CSR), GRC (Governance, Risk & Compliance), Industry News, Internal Controls, Policy Management, Regulatory Compliance, Reporting, Risk Analysis, Risk Assessment, Risk Management, Segregation of Duties (SoD), XBRL - eXtensible Business Reporting Language
Researchers identify first flaws in the Advanced Encryption Standard
BY ECM PLUS STAFF
ECM Plus +++ Researchers have found a weakness in the AES algorithm.
According to cryptanalysts, they managed to come up with a clever new attack that can recover the secret key four times easier than anticipated by experts. The attack is a result of a long-term cryptanalysis project carried out by Andrey Bogdanov (K.U.Leuven, visiting Microsoft Research at the time of obtaining the results), Dmitry Khovratovich (Microsoft Research), and Christian Rechberger (ENS Paris, visiting Microsoft Research). Continue reading
Association of British Insurers provide guidance on legal position of riot compensation
By ECM Plus staff
ECM Plus +++ According to the Association on British Insurers, on current estimates insured losses and damage suffered by individuals and British businesses are likely to be well over £100 million. Continue reading
Rising business costs crippling British enterprise
By ECM Plus staff
ECM Plus +++ Small British firms are trapped in a vice of rising business costs, squeezing margins, choking growth and threatening their survival, according to a new study by Make It Cheaper and the Centre for Economic and Business Research.
According to the research, overheads have risen by almost a quarter over the past five years, and more than half (55 percent) of small business owners now warn that their company will simply not survive much longer if costs continue to rise at current rates. Continue reading
ICM says Maude’ ‘name and shame’ plans ‘unworkable’
By ECM Plus staff
ECM Plus +++ Government plans to ‘name and shame’ late payers is impractical, unworkable and yet another missed opportunity, according to the Institute of Credit Management.
ICM said that such a ruse appeared to be to ‘chase a headline’ rather than address the fundamental issue that should be focused around up-skilling businesses and giving them the tools to better understand the value and importance of best credit management practice, it said in a statement.
Appearing on-pack in August for all Silk soymilk, ‘Pure Coconut’ and ‘Pure Almond’ brands
Plant-based beverage brand Silk has confirmed that all of its products in the beverage portfolio of the company have now been verified by the Non-GMO Project, the association of manufacturers, retailers, distributors, farmers, seed companies and consumers.
According to the company, Silk’s portfolio includes Silk Soymilk, Silk Pure Coconut® and Silk Pure Almond. All Silk soymilk, coconutmilk and almondmilk products were enrolled in The Non-GMO Project’s Product Verification Program in 2010. Continue reading
Global union alliance files OECD complaint against Deutsche Telekom for union-busting
By ECM Plus staff
ECM Plus +++ A complaint filed with the Organisation for Economic Co-operation and Development (OECD) describes how German telco behemoth Deutsche Telekom has engaged in anti-union activity in the United States of America and in Montenegro that violates OECD Guidelines for Multinational Enterprises.
According to the complainant, filed by the German union ver.di, US union the Communications Workers of America and global union federation UNI Global Union, details the union-busting activity in the United States, where the management of wholly-owned subsidiary T-Mobile USA “has engaged in a pattern of conduct designed to undermine and frustrate employees’ efforts to choose union representation freely and to deny employees their rights to collective bargaining.” Continue reading