The growing threat posed to confidential business data by trusted insiders has been highlighted by two major incidents in the U.S. in recent weeks. In the first, Fidelity National Information Services, a leading provider of core financial institution processing, card issuer and transaction processing services, announced that a former employee of its subsidiary, Certegy Check Services, had misappropriated and sold consumer information to a data broker who, in turn, sold a subset of that data to a limited number of direct marketing organizations.
Protection of shareholder value is seen as the chief benefit of Enterprise Risk Management (ERM). Hence enterprise risk management is now firmly on the boardroom agenda. So why is it proving so difficult to implement?
Companies cannot reap the benefits of risk management unless they have the right foundations in place. Any management activity requires a clearly defined set of objectives, clarification of the tasks to be performed, planning and management. Risk management is no exception. In addition, any activity that has multiple participants requires a coordinated consistent approach that aligns all the necessary elements. This uniform approach can be orchestrated through the use of a framework.
Many interested observers, not least the customers of both organizations, are looking on with interest as two heavyweights of the IT industry, SAP and Oracle, lock horns over claims that “SAP has stolen thousands of proprietary, copyrighted software products and other confidential materials that Oracle developed to service its own support customers.”
Exaprotect, a leader in intelligent security management, has announced that it is the sole recipient of Frost & Sullivan’s 2007 World Network Security Infrastructure Protection Global Excellence Award.
The global growth consulting company noted that Exaprotect’s solutions and project methodologies address enterprise concerns over SIM/SEM implementations, by involving stakeholders early and adapting the company’s versatile products to meet the needs of the customer.
Ever wanted to find the latest information on existing security standards or the status of work being undertaken in this area by the key standards development organizations? Well, now there is a new portal that has been recently launched to guide you through the welter of information.
The ICT Security Standards Roadmap has been developed by the International Telecommunications Union (ITU), the UN’s telecommunications agency, in collaboration with the European Network and Information Security Agency (ENISA) and the Network and Information Security Steering Group (NISSG).
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