Category Archives: Risk Management

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.

Continue reading

Advertisements

Leave a comment

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

Leave a comment

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

Leave a comment

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

Leave a comment

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

Leave a comment

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

Leave a comment

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

Businesses boot out banks as ‘trust’ collapses

Cleaning up JPMorganChase

(Photo credit: Truthout.org)

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

Leave a comment

Filed under Accounting, Analysis, Asset management, Balanced Scorecard, Beyond Budgeting, Budgeting, Business Continuity, Business Risk, Capital Management, Contingency Planning, Finance, Legal, Planning & Forecasting, Private Finance, Risk Analysis, Risk Management, Six Sigma, 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

Leave a comment

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

Business crowdfunding to boost economy

panorama of sheffield - south yorkshire

Sheffield to play host to crowdfunding event. Photo: Paolo Margari

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

Leave a comment

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

Foundation sues over email and phone hacking allegations

EFF_logo_white

Electronic Frontier Foundation

EFF says government ‘withholding information’ about ‘unconstitutional spying’

Washington, D.C. – The Electronic Frontier Foundation (EFF) sued the Department of Justice (DOJ) today, demanding answers about illegal email and telephone call surveillance at the National Security Agency (NSA). Continue reading

Leave a comment

Filed under Collaboration, Compliance, Content Governance, Content Protection, Content Security, Corporate Civic Responsibility (CCR), Corporate Governance, Customer Relations Management (CRM), Data Governance, Data mining, Data privacy, Data protection, Data storage, GRC (Governance, Risk & Compliance), Industry News, Information Governance, Information Management, Information security, Internal Controls, Policy Management, Regulatory Compliance, Risk Management, Security Content Management (SCM), Segregation of Duties (SoD), Software, Telecommunications, Web governance

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

Leave a comment

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

Leave a comment

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

British exports to ROW exceed EU

Containerization

Trade exports to ROW now exceeds EU. Photo: Kaveri & Sameer

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

Leave a comment

Filed under Accounting, Analysis, Budgeting, Business Risk, Capital Management, Finance, Information Management, Private Finance, Private Wealth, Risk Analysis, Risk Management, Trade & Investment, Wealth Management

Walmart in the doghouse again as CSR slouches

Walmart Market

Every little helps

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

Leave a comment

Filed under Business Risk, Compliance, Corporate Governance, Corporate Social Responsibility (CSR), Customer Relations Management (CRM), GRC (Governance, Risk & Compliance), Investor Relationship Management, Policy Management, Risk Management, Vendor News

People power now funding new businesses

Bicycle

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.

Continue reading

1 Comment

Filed under Asset management, Business Risk, Collaboration, Industry News, Investor Relationship Management, Risk Management

South African Wal-Mart mega-merger in ‘fundamentally flawed’ claim

South African Commercial, Catering and Allied ...

Unions appealing rulings as 'flawed'

Appeal against Wal-Mart and Massmart merger in South Africa

By ECM Plus staff

ECM Plus +++ Court hearing commences today to determine whether the South African merger of Wal-Mart and Massmart can proceed, or whether the matter should be referred back to the Competition Tribunal for consideration.

Three South African Government Ministries, supported by labour federation COSATU, are appealing based on their claim that the earlier Competition Tribunal proceedings were fundamentally flawed and are seeking a full rehearing of the matter. Continue reading

Leave a comment

Filed under Business Process Management, Compliance, Corporate Governance, Corporate Social Responsibility (CSR), Customer Relations Management (CRM), GRC (Governance, Risk & Compliance), Industry News, Investor Relationship Management, Regulatory Compliance, Risk Management

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

1 Comment

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

Leave a comment

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

Government’s carbon tax con bashing business in Oz

Koala bear nailed to the tree

Carbon con chaos hurting Oz. Image: laRuth

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

Leave a comment

Filed under Business Risk, Compliance, GRC (Governance, Risk & Compliance), Industry News, Regulatory Compliance, Risk Management

Banks failing to meet SME needs – report

Reaction to Irish banking and financial crises...

Banks failing businesses - report

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

Leave a comment

Filed under Analysis, Business Risk, Corporate Governance, Enterprise Resource Planning & Management, Equity Capital Markets, GRC (Governance, Risk & Compliance), Planning & Forecasting, Risk Analysis, 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

Leave a comment

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

Leave a comment

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

Leave a comment

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

Axe victim: Feds raid Gibson guitar plants in unfinished business

The Department of Justice building in Washingt...

Feds raid American guitar factories

Department of Justice bullies Gibson without filing charges

By ECM Plus staff

ECM Plus +++ The Federal Department of Justice in Washington, D.C. has suggested that the use of wood from India that is not finished by Indian workers is illegal, not because of U.S. law, but because it is the Justice Department’s interpretation of a law in India. Continue reading

Leave a comment

Filed under Asset management, Business continuity, Business Process Management, Content Creation, Contingency Planning, Corporate Social Responsibility (CSR), GRC (Governance, Risk & Compliance), Industry News, Intellectual Property (IP), Risk Management

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

Leave a comment

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)