Category Archives: Risk Assessment

Brexit To Save CIty £12 Billion A Year In Slashig EU Red Tape

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.

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Filed under Accounting, Brexit, Business Continuity, Business Risk, Corporate Governance, Corporate Social Responsibility (CSR), Finance, GRC (Governance, Risk & Compliance), Internal Controls, Regulatory Compliance, Risk Analysis, Risk Assessment, Risk Management

Research confirms that Facebook, Twitter and Google are spying on users

big brother

big brother (Photo credit: Vince_Lamb)

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

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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

Half of firms suffering from cloudphobia – survey

Snoopers (sic) Paradise

Snoopers (sic) Paradise (Photo credit: the justified sinner)

Fear of governments snooping deters companies from using the cloud

ECM Plus +++ Almost half of IT experts are deterred from keeping sensitive data in the cloud because of fear of government intervention and possible legal action, according to a new survey from Lieberman Software which was released today. Continue reading

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Filed under Analysis, Cloud Computing, Collaboration, Compliance, Corporate Governance, Data centres, Data Governance, Data mining, Data privacy, Data protection, Enterprise Cloud, Hybrid Cloud, Information Management, Information security, Internal Controls, Policy Management, Private Cloud, Public Cloud, Risk Analysis, Risk Assessment, Risk Management, Trusted Cloud, VPS Cloud

Chaos abounds as BYOD costs prompt confusion

Confused Man Reading a Bill or Bank Statement

Cost confusion and chaos in BYOD (Photo: s_falkow)

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

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Filed under Analysis, Budgeting, Business Process Management, Business Risk, BYOD, Collaboration platform, Content Security, Industry News, Information Management, Information security, Intranets & Portals, Mobile Apps, Risk Analysis, Risk Assessment, Risk Management, Software, Workflow

Big Corporates Choking SMEs With Late Payment – Survey

234 of 365- On hold after dealing with automat...

On hold after dealing with automated system (Photo credit: Pahz)

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

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Filed under Analysis, Asset management, Business Continuity, Business Risk, Contingency Planning, Corporate Social Responsibility (CSR), Finance, GRC (Governance, Risk & Compliance), Risk Analysis, Risk Assessment, Risk Management

Euro crisis to last a decade – Farage

Nigel Farage with Members of the University of...

Nigel Farage with Members of the University of York Freedom Association Society (Photo credit: The Freedom Association)

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

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Filed under Business Risk, Collaboration, Compliance, Finance, GRC (Governance, Risk & Compliance), Industry News, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Trade & Investment

Big bank insider exposes $20bn UBS tax evasion, awarded $104m

National Whistleblowers Center – www.whistleblowers.org

Whistleblower bags massive $104 million reward for foiling bankster scam

By ECM Plus staff

ECM Plus /Washington, D.C./ +++ Former UBS banker Bradley Birkenfeld has won a massive whistleblower reward of $104 million for his contributions in providing the U.S. Government with insider information on UBS’ illegal offshore banking scheme.

According to the National Whistleblowers Center, this is believed to be the largest reward ever given to an individual whistleblower in the United States and the first major reward issued under the IRS tax whistleblower law. Continue reading

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Filed under Accounting, Asset management, Business Intelligence (BI), Business Rules, Capital Management, Compliance, Corporate Civic Responsibility (CCR), Corporate Governance, Corporate Social Responsibility (CSR), Document Management, eDiscovery, Electronic Document Management & Delivery, Finance, GRC (Governance, Risk & Compliance), Industry News, Information Governance, Information Management, Internal Controls, Investor Relationship Management, Legal, Policy Management, Private Finance, Private Wealth, Records & Information Management (RIM), Regulatory Compliance, Reporting, Risk Analysis, Risk Assessment, Risk Management, Segregation of Duties (SoD), Trade & Investment, Wealth Management

Smart grids at risk from cyber security in intelligent buildings

English: Intelligent building system - diagram.

Intelligent building system – diagram.

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

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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

Social media shunned by Euro CIOs as 67% block content

CIOs shunning video and social media

Europe’s chief information officers banning YouTube, Facebook, Twitter

By ECM Plus staff

ECM Plus /LONDON/ +++ European CIOs are shunning social media for business, according to a new study by Easynet and Ipanema Technologies.

The research study said that chief information officers are risking ‘alienating customers’, as well as ‘creating ineffective marketing strategies’, and ‘demotivating’ their staff and ‘eliminating’ their competitive edge. Continue reading

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Filed under Analysis, Content Categorisation, Content Delivery, Content Management, Content management system (CMS), Content marketing, Digital asset management, Enterprise Content Management, Enterprise Social Software (ESS), Enterprise Social Technology, Marketing asset management, Risk Analysis, Risk Assessment, Risk Management, Social Content Management, Social Content Marketing, Software, Trusted Content

Assets finding safe haven in Britain – report

EXPO REAL - International Trade Fair for Comme...

Safe as houses: assets bolt for Blighty's bricks

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

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Filed under Analysis, Asset management, Budgeting, Business continuity, Business Continuity, Business Risk, Contingency Planning, Corporate Governance, Disaster Recovery, Equity Capital Markets, GRC (Governance, Risk & Compliance), Investor Relationship Management, Risk Analysis, Risk Assessment

Glaring gaps as social injustices widen across nations – study

Justice for all

Justice For All

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

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Filed under Business Continuity, Business Risk, Contingency Planning, Corporate Social Responsibility (CSR), Industry News, Policy Management, Risk Analysis, Risk Assessment

Public sector shame as jobsworths jostle OAP injury claims

Newham - Environmental Health

Hypocrisy alive and well and living in Newham. Image: LoopZilla

No Win No Fee changes and the spending cuts will hit older people’s access to justice

By ECM Plus staff

ECM Plus +++ A pensioner who fell over a broken drain cover in East London in 2009 has won compensation for her injuries from Newham Council after a two year fight for justice. Continue reading

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Filed under Corporate Social Responsibility (CSR), Customer Relations Management (CRM), GRC (Governance, Risk & Compliance), Industry News, Risk Analysis, Risk Assessment, Risk Management

Charges for state inspections will hit small firms hardest

NAMM 2007 - Mr Jobsworth.

Concerns over 'revenue generating' inspections. Image: Eleventh Earl of Mar

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

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Filed under Budgeting, Business continuity, Business Risk, Compliance, Corporate Governance, Disaster Recovery, Enterprise Content Management, GRC (Governance, Risk & Compliance), Industry News, Planning & Forecasting, Regulatory Compliance, Risk Analysis, Risk Assessment, Risk Management

‘Collaborate’ event to showcase business risk and info protection

US CONFIDENTIAL COVERSHEETS

Event to showcase issues in business risk and information protecction

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

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Filed under Business Intelligence (BI), Business Process Management, Business Risk, Collaboration, Data protection, Document Management, Industry News, Information security, Risk Analysis, Risk Assessment, Risk Management, Workflow

Crisis? What crisis? Mid-life makeovers in paradigm shift

James Callaghan Prime Minister of the United K...

Crisis? What crisis?

Survery reveals middle-aged trends changing

By ECM Plus staff

ECM Plus +++ Men and woman in their forities and fifties are taking ownership of their existential questions and seizing the opportunity to take real life-changing and self-affirming steps in their life, according to a new survey carried out by OnePoll for credit monitoring firm Experian. Continue reading

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Filed under Analysis, Analytics & Metrics, Asset management, Risk Analysis, Risk Assessment, Risk Management

Governance overhaul proposals as FRC moots corporate reform

Transparent screen.
Reality check for corporatism. Image – Niklas Barsk

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

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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

Flaws identified in AES encryption

Advanced Encryption Standard InfoBox Diagram

AES: Drowning or waving?

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

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Filed under Business Risk, Content Protection, Content Security, Industry News, Information security, Regulatory Compliance, Risk Analysis, Risk Assessment, Risk Management, Security Content Management (SCM)

Building and contents protected by insurance after riots

Protesters fighting police in Nørrebro, Copenhagen

Insurers: claim period to be extended

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

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Filed under Asset management, Business Continuity, Business Risk, Content Protection, Content Security, Contingency Planning, GRC (Governance, Risk & Compliance), Industry News, Risk Analysis, Risk Assessment, Risk Management, Security Content Management (SCM)

Digital rights guide to protect computers and mobile devices published

Hugh D'Andrade's design to commemorate Electro...

Digital rights take centre stage in new publication

New ‘Know Your Digital Rights’ guide to constitutional liberties

By ELECTRONIC FRONTIER FOUNDATION

EFF +++ The Electronic Frontier Foundation has answers to these questions in our new “Know Your Digital Rights” guide, including easy-to-understand tips on interacting with police officers and other law enforcement officials.

“With smart phones, tablet computers, and laptops, we carry around with us an unprecedented amount of sensitive personal information,” said EFF Staff Attorney Hanni Fakhoury. “That smart phone in your pocket right now could contain email from your doctor or your kid’s teacher, not to mention detailed contact information for all of your friends and family members. Your laptop probably holds even more data — your Internet browsing history, family photo albums, and maybe even things like an electronic copy of your taxes or your employment agreement. This is sensitive data that’s worth protecting from prying eyes.” Continue reading

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Filed under Business Intelligence (BI), Business Risk, Compliance, Content Protection, Content Security, Data Governance, Data privacy, Digital rights management, Industry News, Information security, Media asset management, Mobile Apps, Mobile communication, Mobile Content, Risk Assessment, Risk Management

RFID hacked: TV station finds chips are toast

RFID chip pulled from new credit card

RFID chip pulled from a credit card

Television group reveals serious security flaws with RFID-equipped credit and debit cards

By ECM Plus staff

ECM Plus +++ A consumer television report into the insecurity of radio frequency ID – or so-called ‘RFID’ -equipped credit and debit card chips has shocked the security industry.

One vendor, SecurEnvoy said the apparent ease with which RFID has been hacked to create a `magic wand’. With the ability for anyone to effectively read RFID cards at a distance clearly demonstrates that RFID is no longers fit for purpose, observers say. Continue reading

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Filed under Content Security, Industry News, Mobile Analytics, Mobile Apps, Mobile communication, Mobile Content, Risk Assessment, Risk Management, Scanning, Security Content Management (SCM), Telecommunications

European Council warns on increased risks from cordless, mobile and wireless devices

Title: Pathology: Patient: Melanoma Descriptio...
EMF: The long-term risks to health are still unknown

Kids at particular risk from cordless, mobile phones nand wireless Wi-Fi radiation effects

By ECM Plus staff

ECM Plus +++ In the wake recent heightening concerns over the health risks associated with new airport MMW backscatter radiations in full-body scanners being installed inside many major airports, – especially the longer-term risks to DNA and the human lymphatic system of the skin-deep penetrating backscatter radiation – new concerns are now emerging over the other serious health risks to people who live and work close to cordless, mobile and wireless Wi-Fi devices in homes and offices, especially the effects on young children whose DNA and cellular activity is still in a rapid growth phase.  Continue reading

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Filed under Analysis, Contingency Planning, Corporate Social Responsibility (CSR), GRC (Governance, Risk & Compliance), Mobile Apps, Mobile communication, Mobile Content, Risk Analysis, Risk Assessment, Risk Management

Search engine behemoth lambasted in new book

MAGNIFYING GLASS

Search and destroy. Image: andercismo

New book alleges that search behemoth has become a serial violator of privacy and property rights

By ECM Plus staff

ECM Plus +++ ‘SEARCH & DESTROY: Why You Can’t Trust Google Inc.’ is the first book to critically examine Google’s business practices, mission, and unprecedented power over information access and the digital economy.  Continue reading

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Filed under Enterprise Search, Industry News, Intellectual Property (IP), Knowledge Management, Risk Analysis, Risk Assessment, Risk Management, Search

‘HTTPS Now’ campaign urges users to take an active Role in protecting internet security

Logo of the Electronic Frontier Foundation

HTTPS Now campaign for information security

Wide deployment of encryption protocol provides basic security for web surfing

The Electronic Frontier Foundation and Access have launched an international campaign for HTTPS Now, rallying consumers around the world to help make web surfing safer. Continue reading

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Filed under Content Protection, Industry News, Information security, Risk Analysis, Risk Assessment, Risk Management

OBITER DICTA: Cloud data center chaos set for earthquake catastrophes?

OBITER DICTA

With a cloud security standards void to bring enterprise disasters closer?

The ostensible absence of universally-agreed cloud security standards and SLAs for enterprises who venture forth into the sexy and hip cloud outsourcing trend, without implementing an adequate risk assesment profile, is a recipe for digital data centre disaster. Continue reading

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Filed under Business continuity, Business Risk, Cloud Computing, Content Management, Data centres, Data protection, Data storage, Disaster Recovery, Enterprise Cloud, Hybrid Cloud, Information security, NAS (Network Attached Storage), Private Cloud, Public Cloud, Risk Analysis, Risk Assessment, Risk Management, SAN (Storage Area Networks), Telecommunications, Trusted Cloud, Trusted Content, Virtualization, VM2VM, VPS Cloud

FEATURE: GRC – After The Meltdown, Quo Vadis The Fallout?

Former Enron Building, Downtown Houston
Former Enron building in downtown Houston

What is being done to restore confidence in corporate reporting and governance and to avoid future attempts to mislead stakeholders by bolstering systems and process controls?

By PAUL QUIGLEY

When Enron fraudsters were given custodial sentences for their parts in the systemic fraudulent trading activities that epitomised Enron’s fall from grace a decade ago, few could have foreseen that such a sorry chapter in corporate governance could ever plumb such depths of ethical disdain and moral hazard again. Continue reading

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Filed under Asset management, Business Risk, Compliance, Corporate Governance, Corporate Social Responsibility (CSR), eDiscovery, Enterprise Resource Planning & Management, Equity Capital Markets, Features, GRC (Governance, Risk & Compliance), Internal Controls, Regulatory Compliance, Risk Analysis, Risk Assessment, Risk Management, Risk Management, Segregation of Duties (SoD)