Category Archives: Regulatory Compliance

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

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

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

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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

Alfresco unveils Records Management 2.0

Image representing Alfresco as depicted in Cru...

Open source Alfresco launches Records Management 2.0

Open source doyen Alfresco takes wraps off latest Records Management 2.0 for enterprise file capabilities

By ECM Plus staff

ECM Plus /London/ +++ Alfresco’s newest Records Management 2.0 is now available for serving enterprise organisations and government departments for management of governance and compliance processes.

According to the open source content software specialist, RM 2.0 boasts open source records management and retention tools. Continue reading

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Filed under Archive management, CMS, Compliance, Content Governance, Data Governance, Email management, Enterprise Content Management, Enterprise Search, Open Source, Records & Information Management (RIM), Records Management, Regulatory Compliance, Search, Software, Vendor News, Workflow, Workflow

Anti-Apple campaign grows over Dickensian iPad workhouse shame

English: The logo for Apple Computer, now Appl...

Apple: Working practices rotten to the core?

Apple factory abuses spark viral online campaign

By ECM Plus

ECM Plus +++ 140,000 people have joined up against Apple Corporation’s abuse of its outsourced workers in China, with user Mark Shields’ campaign on Change.org asking Apple to stop ongoing abuse of workers at iPod and iPad sweat-shop factory conditions in China.

The 140,000 people across the world have joined an explosive campaign on Change.org calling on Apple to protect workers who assemble Apple products from abuse, injury, and death. Continue reading

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Filed under Corporate Social Responsibility (CSR), Enterprise Content Management, GRC (Governance, Risk & Compliance), Industry News, Project Management, Regulatory Compliance, Workflow

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

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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

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

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

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

New document scanning node opens in Stafford, England

Iron Mountain. Records and data storage facili...

Iron Mountain facility in Staffordshire, England.

Iron Mountain unveils Europe’s largest document scanning and indexing centres

By ECM Plus staff

ECM Plus +++ Iron Mountain has just opened one of Europe’s largest document scanning and indexing centres for organisations to manage information in the face of what it calls “increasingly stringent national and EU regulation”. Continue reading

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Filed under Data privacy, Data storage, Document archiving & retrieval, Document Automation, Document Management, Document scanning & imaging, Electronic Document Management & Delivery, Forms management, processing, eForms, Information Governance, Information Management, OCR - Optical Character Recognition, Records & Information Management (RIM), Regulatory Compliance, Vendor News

Sixth amendment sees new governance platform for DocAve

AvePoint draw

DocAve 6 now proffers governance features. Image: Jens Gyldenkærne Clausen

AvePoint intros DocAve 6 enterprise-class management platform for SharePoint governance

By ECM Plus

ECM Plus +++ AvePoint has just released a public beta of its new DocAve 6, which it claims is now an enterprise-class management platform for SharePoint governance.

According to the company, this sixth version of DocAve enables security and compliance for enterprise content. Continue reading

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Filed under Compliance, Content Governance, Corporate Governance, Enterprise Content Management, Governance Automation, GRC (Governance, Risk & Compliance), Policy Management, Regulatory Compliance, SharePoint, Vendor News

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

WEEKEND PLUS: Jobsworths ponder putsch on small biz red tape

Edward Davey

Minister Edward Davey: "...freedom to innovate and grow..." Image - bisgovuk.

Government and FRC consider cutting financial reporting burden for small businesses

By ECM Plus staff

ECM Plus +++ Proposals to simplify the financial and corporate reporting requirements for the smallest businesses are the subject of a new ‘Discussion Paper’ published by the Department for Business, Innovation and Skills (formerly DTI) and the Financial Reporting Council.

Dubbed ‘Simpler Reporting for Smaller Businesses’, the discussion paper sets out ideas to reduce the amount of reporting micro-entities would be required to undertake.

FRC said this could benefit around 5 million businesses and result in considerable cost savings in relation to the preparation of their accounts. Continue reading

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Filed under Compliance, Corporate Governance, GRC (Governance, Risk & Compliance), Industry News, Regulatory Compliance, Reporting, 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)

Credit crunch driving SMEs to ‘raid the family silver’

Local businesses

SME sector - the engine of economies

47 percent of Britain’s small business owners inject personal cash into their companies to stay afloat

By ECM Plus staff

ECM Plus +++ Rising business costs are adversely affecting the private lives and personal finances of many SME owners, according to a new study by Make It Cheaper and the Centre for Economic and Business Research. Continue reading

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Filed under Analysis, Asset management, Business Process Management, Compliance, Corporate Governance, Enterprise Resource Planning (ERP), GRC (Governance, Risk & Compliance), Planning & Forecasting, Policy Management, Regulatory Compliance, Risk Management

WEEKEND PLUS: Scapegoating scheme not helping – ICM

Francis Maude

Francis Maude

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.

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Filed under Asset management, Business Process Management, Business Risk, Compliance, Corporate Governance, Enterprise Resource Planning (ERP), Industry News, Policy Management, Regulatory Compliance, Risk Management

German giant gobbles BPM minnow

Robert Bosch GmbH

Business process software gets the Teutonic touch

Bosch plans acquisition of inubit AG

By ECM Plus staff

ECM Plus +++ German indusstrial giant Robert Bosch Group AG has acquired inubit AG, the small software firm specialising in business process management.

According to the company, its 100 associates generated sales of around 10 million euros.

However, the two companies said that the actual purchase price of inubit will not be disclosed. Continue reading

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Filed under Business process automation (BPA), Business Process Management, Industry News, Investor Relationship Management, Regulatory Compliance, Reporting

WEEKEND PLUS: News Corp woes shadow real issues

Slug from Atmosphere eavesdrops on Lucy?

Eavesdropping of voicemails should never have been technically possible in the first place. Image: Joe Howell

Infatuation with celebs and politicians clouds issue of weak data protection laws and further telecoms oversight by independent accountability councils of citizens

BY PAUL QUIGLEY

Truth is the first victim of war.

The disgusting charade that has been paraded this last week or so over the News Corporations’ alleged invasion of people privacy’s tends to mask the real problem. That is, how could this loophole of privacy invasion has been possible in the first place?

Insecure voicemail systems and processes.

And who is it who hosts these systems of privacy invasion? Continue reading

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Filed under Business Process Management, Corporate Social Responsibility (CSR), Data Governance, Data privacy, Data protection, Industry News, Information Governance, Internal Controls, Mobile communication, Mobile Content, Regulatory Compliance, Risk Management, Telecommunications

MEGA-Approva deal melds controls into enterprise GRC powerplay

Image representing Approva as depicted in Crun...
Control meets governance in new alliance

Firms collaborate for automate GRC processes

By ECM Plus staff

ECM Plus +++ Enterprise governance, risk and compliance specialist MEGA has just teamed up with continuous controls monitoring and audit bellwether Approva to market a new optimised GRC offering. Continue reading

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Filed under Business Process Management, Compliance, Corporate Governance, GRC (Governance, Risk & Compliance), Industry News, Internal Controls, Regulatory Compliance, Risk Management

Sonic taps MetricStream for GRC and SOX

Sen. Paul Sarbanes (D–MD) and Rep. Michael G. ...

GRC solutions - helping to weed out internal corporatist corruption and expose tacit collusion

Fortune 500 auto retailer goes for governance, risk and compliance solution
By ECM Plus staff

ECM Plus +++ Enterprise governance, risk and compliance specialist MetricStream has announced a new deal with Sonic Automotive for a new Internal Audit Management and Sarbanes-Oxley Act (SOx) Compliance system.

According to the GRC provider, the new system will be used to automate and centralise its internal audit system and processes. Continue reading

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Filed under Business Risk, Compliance, Corporate Governance, GRC (Governance, Risk & Compliance), Internal Controls, Policy Management, Regulatory Compliance, Reporting, Risk Management, Segregation of Duties (SoD), Vendor News

LATEST FEATURE: Compliance: A hybrid marital troika?

Hoard Sklar, senior corporate counsel, RecommendIT

BY HOWARD SKLAR

Compliance is essential for all organisations, not least because of the financial penalties and reputational damage that come with non-compliance.

This, however, is easier said than done when many organisations have no idea that they are failing to comply.

This can often be the case with global companies where they may find they’re complying in one country but not in another, or across the whole. Continue reading

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Filed under Corporate Social Responsibility (CSR), Data Governance, Data privacy, Features, GRC (Governance, Risk & Compliance), Internal Controls, Regulatory Compliance, Reporting, Risk Management, Segregation of Duties (SoD), Web governance

In-house counsel warns over corporate compliance and internal reporting

Eagle with flag in background.

Eagle-eyes and ears of corporate whistleblowers

Association of Corporate Counsel frustrated by SEC ruling on whistleblowing bounty provisions of Dodd-Frank

By ECM Plus staff

ECM Plus +++ The Association of Corporate Counsel (ACC) is strongly disagreeing with a new Securities and Exchange Commission’s ruling that bypasses internal compliance and reporting systems in favour of permitting tips from prospective whistleblowers to be submitted directly to the SEC.

“The SEC’s bounty rule is a Pandora’s box that, when opened, is likely to create new and even unanticipated harms rather than promoting better reporting of potential problems” commented ACC’s senior vice president and general counsel Susan Hackett. Continue reading

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Filed under Compliance, Corporate Governance, eDiscovery, Enterprise Resource Planning (ERP), GRC (Governance, Risk & Compliance), Industry News, Internal Controls, Regulatory Compliance, Reporting

Digital asset firesale as Autonomy mops up at Iron Mountain

Autonomy CEO Mike Lynch

Autonomy’s moves into the cloud platform to expand to 25 petabytes of customer data under management

By PAUL QUIGLEY

ECM Plus +++ Autonomy has just acquired selected key assets of Iron Mountain’s digital division including archiving, eDiscovery and online backup.

In a digital asset firesale that observers see as a stratgic move into the cloud for Autonomy, this means access to Autonomy’s technology for information governance in secure, private clouds in data centres. Continue reading

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Filed under Analytics & Metrics, Archive management, Asset management, Business Intelligence (BI), Business Process Management, Citizen Journalism, Cloud Computing, Compliance, Data Governance, Desktop Virtualization, eDiscovery, Enterprise Cloud, Enterprise Content Management, Enterprise Search, Industry News, Information Governance, Information Management, Private Cloud, Records & Information Management (RIM), Regulatory Compliance, Virtualization

GFI logs on for SharePoint support in compliance, e-discovery move

SharePoint Architecture German

SharePoint architecture

EventsManager 2011 with LOGbinder SP proffers new log monitoring, alerting, reporting and archiving capabilities for SharePoint users

By ECM Plus staff

ECM Plus +++ GFI Software has just added SharePoint logging to its existing security and compliance offerings the company has confirmed.

New features for GFI EventsManager 2011 now include a dedicated SharePoint log managementand auto-update patch management capability, which also enables IT administrators to perform specific network and data security tasks for regulatory compliance, as well as for business continuity and e-discovery requirements.  Continue reading

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Filed under Business continuity, eDiscovery, Records Management, Regulatory Compliance, Reporting, SharePoint, Vendor News

American business leaders demand rebuttal of EU standards straightjacket

José Manuel Durão Barroso

Attempts to impose restrictive standards on America's business innovators

American trade groups and associations urge USTR to reject EU proposal that restricts choice of international standards

By ECM Plus staff

ECM Plus +++ The U.S. Chamber of Commerce, National Association of Manufacturers, National Foreign Trade Council and more than a dozen industry trade associations sent a joint letter to the United States Trade Representative (USTR) stating their strong objections to a European proposal in current World Trade Organization (WTO) Non-Agricultural Market Access (NAMA) negotiations. Continue reading

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Filed under Compliance, Corporate Governance, Data Governance, GRC (Governance, Risk & Compliance), Industry News, Information Governance, Regulatory Compliance, Risk Management