http://www.compliancehome.com/ ComplianceHome is one of the Web's largest library of resources for compliance management of HIPAA, SOX, FISMA, GLBA, FDA, COOP & COG, FFIEC, Basel II, OSHA and ISO 27002/17799. Visit our directories which are the best source on White papers, related news articles, resources on the web, training, webinars, conferences, rules & regulation overview, ask the expert, job and search on vendors, solutions & products. http://www.compliancehome.com/images/rsslogo.gif http://www.compliancehome.com/ en-us Tue, 06 May 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12724.html Compliance Coach, a provider of automated regulatory compliance solutions to the financial services industry, announced that it has identified 23 new identity theft red flags and has updated its software, CompliancePal (http://www.compliancepal.com). CompliancePal is the industrys first software solution to enable compliance with the FACT Act Identity Theft Red Flags Rule. The Federal regulation imposes new responsibilities on businesses to prevent consumer identity theft. The impact is broad and the rule affects every single bank, credit union, mortgage lender, auto dealer, credit card lender, payday lender, landlord, utility company, phone company, and any consumer or small business lender in the country. http://www.compliancehome.com/news/Basel-II/12724.html Tue, 22 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12658.html Qualys announced QualysGuard 6.0, an upgrade to its flagship solution for vulnerability and compliance management. QualysGuard 6.0 enables security managers, as well as key organisation executives, including business line managers, members of the board and auditors, to get an on demand view of IT security and compliance within the enterprise. QualysGuard 6.0 offers new metrics reporting supported by scorecards and secure, collaborative report distribution workflows which help operations and IT staff to be efficient and communicate effectively with auditors and executive management. QualysGuard 6.0 is an integral component of the QualysGuard Security and Compliance Suite also being demonstrated at the Infosecurity Europe tradeshow for the first time in Europe. The QualysGuard Software-as-a-Service (SaaS) suite helps organisations worldwide manage the ongoing convergence of security and policy compliance efforts. http://www.compliancehome.com/news/Basel-II/12658.html Tue, 22 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12654.html Skybox Security announces the fourth-generation of its security risk management software platform. Over 125 of the world's largest companies have adopted Skybox's unique combination of analytics and automation. With Skybox View organizations can accurately pinpoint and prioritize areas of high risk and predict compliance exposures in just minutes. http://www.compliancehome.com/news/Basel-II/12654.html Tue, 15 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12624.html Orchestria has announced that its Intelligent Compliance Suite has been deployed for full-service brokerage and investment banking firm Scott & Stringfellow, a subsidiary of BB&T Corporation. Orchestria's policy-based Intelligent Compliance software is employed to analyze all electronic communication channels in support of SEC, FINRA, and company governance priorities. Scott & Stringfellow has also chosen to implement Orchestria's desktop and server agents throughout its organization. http://www.compliancehome.com/news/Basel-II/12624.html Mon, 14 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12611.html In a pledge to deliver efficient and field-proven unified risk and financial analysis solutions that cater to the banking, insurance and corporate sectors, Pio-Tech signed a partnership agreement with IRIS integrated risk management ag - a leading risk and analysis solutions supplier headquartered in Switzerland. The signing ceremony took place in March, 2008 at Pio-Tech offices in Amman. Under this agreement, Pio-Tech will deliver unified risk and profitability analysis solutions for the banking, insurance and corporate sectors. Including products such as riskpro financial analysis infrastructure and riskprolight - a simplified subset of riskpro for Basel II standard credit risk - these solutions come bundled with the know-how and support from IRIS integrated risk management ag consultants from Switzerland and the region. http://www.compliancehome.com/news/Basel-II/12611.html Wed, 09 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12570.html Aldon, provider of process-driven application lifecycle management (ALM) solutions, has published a white paper on compliance. Providing best practices, compliance information and advice, the paper outlines how to use regulatory requirements as an opportunity to integrate business and IT. Most organizations nowadays are faced with compliance requirements of some sort, said Matt Scholl, COO and president of Aldon. Whether specific to the industry, such as Sarbanes-Oxley and Basel II for banking, or HIPAA in pharmaceutical, what all companies face is ensuring that business processes are tracked, measured and controlled. The best place for this to be implemented and carried throughout the corporations is in the IT department. http://www.compliancehome.com/news/Basel-II/12570.html Tue, 01 Apr 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12515.html Modulo, provider of IT governance, risk and compliance management solutions will unveil the latest version of Modulo Risk Manager at the RSA 2008 Conference in San Francisco, April 7th through April 11th. Modulo's Risk Manager is a fully automated IT GRC solution which leverages the expertise of IT and Security professionals to cost-effectively manage security risks while enhancing the ability of organizations to comprehensively maintain regulatory and standards compliance. Based on Modulo's 23 years of highly focused experience in developing tools for IT governance, risk management and compliance, Modulo Risk Manager is an integrated solution for: Risk Management; Compliance with SOX, PCI DSS, ISO 27001, ISO 27002, COBIT, HIPAA, FISMA, DIACAP, A130, FISAP and BASEL II; Automating IT Governance Processes aligned with COBIT; Automating Business Continuity Management; Remediation and Incident Management. All required information is automatically organized allowing organizations to effici http://www.compliancehome.com/news/Basel-II/12515.html Mon, 31 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12509.html Sixty-eight percent of employees admit to bypassing their employers information security controls in order to do their jobs, according to new research from IT Governance Limited. This finding suggests that, even in some of the most sophisticated and security-conscious organisations, managers are failing to understand the correct balance between the confidentiality and availability of information. By implementing the wrong policies and procedures, they are potentially putting their organisations at risk and may be undermining the legitimacy of information security in employees eyes. IT Governance Limited is the one-stop-shop for books, tools, training and consultancy on Governance, Risk and Compliance. In February 2008, it polled 130 technology and compliance professionals on issues concerning the UK Data Protection Act (DPA). The respondents included some of the best informed professionals in this area, as evidenced by the high proportion of organisations with independently certifi http://www.compliancehome.com/news/Basel-II/12509.html Wed, 26 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12492.html Achiever Plus was first released in 1994 and has now evolved into an integrated Governance Risk & Compliance management software solution, capable of meeting multiple corporate governance, risk management and compliance demands across a diverse range of industry sectors. For the C Level Executive: Easy to use and understand user interface allows all the compliance information needed to make decisions and be aware of to be displayed on your desktop in real time in the web browser. Also, additional expense for software, hardware, or technical training is not necessary. Achiever Plus .NET is utilizing the world's most widely accepted framework and technology issued or sanctioned by Microsoft. http://www.compliancehome.com/news/Basel-II/12492.html Wed, 26 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12488.html Recent breaches around the world, amounting to billions of dollars, has shaken the worlds business community into closely scrutinizing their back-office security controls. Companies such as Cyber-Ark Software are seeing an unprecedented demand from corporations globally looking for solutions that will securely manage their privileged identities. Cyber-Ark Software released a breakthrough approach to securing application-to-application credentials which has been timely in light of predictions that both Jerome Kerviel at Socit Gnrale and the anonymous informant who gave out customers details at the Liechtenstein Bank, part of the LGT Group to both the German and UK Tax Authorities, were able to do so due to the lack of security controls over privileged users. Enterprise Password Vault (EPV) 4.5 addresses the full range of security and audit challenges surrounding application identities within applications, scripts and application servers. http://www.compliancehome.com/news/Basel-II/12488.html Tue, 25 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12484.html Amadeus International announced the availability of version 7.3 of its flagship product, eQCM.The release of Version 7.3 is consistent with Amadeus's commitment to provide a comprehensive business process management solution for highly regulated companies. Coordinating all Governance, Risk, Compliance (GRC) and quality management activities via a single robust and flexible system, the solution streamlines all documents, communications, information flows, and corporate business processes throughout a seamless environment. Version 7.3 builds upon the traditional strengths for which Amadeus is renowned - usability, flexibility, intuitiveness, reliability - and extends those characteristics to the following new functionalities and improvements to significantly increase operational efficiency and usability. http://www.compliancehome.com/news/Basel-II/12484.html Tue, 25 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12482.html Complinet, provider of web-based dynamic compliance solutions to the financial services industry, has teamed up with Steven Lofchie, partner at the law firm of Cadwalader, Wickersham & Taft LLP and the author of Lofchies Guide To Broker-Dealer Regulation, to deliver Lofchies Procedure Manuals. These are innovative compliance and supervisory procedure manuals that have been produced under the direction of Mr. Lofchie to address the needs of financial firms for procedures that are industry-standardized, comprehensive, and straightforward and that will be maintained so that they are never out of date. Stephen Lofchie is a recognized expert in compliance procedures and regulations. His Guide to Broker-Dealer Regulation, published in 2000 and updated in electronic form on Complinet, has become a central text for regulatory guidance amongst financial services firms of all sizes. http://www.compliancehome.com/news/Basel-II/12482.html Thu, 20 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12460.html Research and Markets has announced the addition of Operational Risk 2.0: Driving Value Creation in a Post-Basel II Era to their offering. Operational Risk 2.0 looks beyond the implementation of Basel II, to how op risk executives can use the tools, intelligence and techniques at their disposal to better inform senior management and the board of directors about the challenges they face. The discipline of operational risk is at a crossroads. Common questions currently asked include: How does the discipline add value to my organisation? What does the advanced measurement approachs modelling techniques say about the op risks my firm is facing? What is the strategic role of operational risk my firm should adopt? http://www.compliancehome.com/news/Basel-II/12460.html Mon, 17 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12433.html Lancope, the provider of the StealthWatch System, the most widely used Network Behavior Analysis (NBA) and response solution, announced that BlueCross BlueShield of Tennessee is using StealthWatch to strengthen information security and improve overall network management. BlueCross BlueShield of Tennessee relies on the StealthWatch System to monitor its entire network for potential security threats. In addition, StealthWatch helps the health plan provider diagnose latency and availability issues on its network. StealthWatch also aids regulatory compliance efforts for BlueCross BlueShield of Tennessee by providing detailed insight into network behavior and user activity. http://www.compliancehome.com/news/Basel-II/12433.html Thu, 13 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12417.html Intelliden announced the release of Policy Based Compliance Management 2.0 (PBCM 2.0), the latest version of its total network compliance solution that automatically defines and manages network policies to meet regulatory, operational and industry compliance mandates, in addition to managing and resolving configuration-related security vulnerabilities in real-time. Designed to give network-driven companies greater network control, management and scalability, PBCM 2.0 boasts new and enhanced functionality to help lower the cost of network compliance and audits, accelerate discovery and remediation of configuration-related vulnerabilities and ensure the highest degree of network availability and business continuity. It also combines automated compliance with intelligent remediation, unmatched usability, and support for an unlimited number of policies to meet the needs of the largest and most complex networks. http://www.compliancehome.com/news/Basel-II/12417.html Wed, 12 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12415.html PivotStor, a new company dedicated to delivering best-of-breed data protection, coupled with proven reliability and cost-effective performance, today introduced its new EP-Series email management appliance, designed to provide Email Lifecycle Protection to small and mid-sized organizations. PivotStor officials also said the appliance will be sold exclusively through its global network of channel partners, underscoring the company's commitment to resellers and integrators. At a starting price of less than $1,300US, the EP-Series of appliances is a highly scalable solution enabling companies to grow and fully protect and manage their email while ensuring compliance with a full range of e-discovery, government and industry regulations, including Sarbanes-Oxley, Basel II, the UK Data Protection Act and more. Available in book-sized desktop, 1U and 2U rackmount configurations, the EP-Series easily and powerfully handles their email archiving requirements; it is capable of processing up to 8 http://www.compliancehome.com/news/Basel-II/12415.html Wed, 12 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12412.html Idera, provider of management and administration solutions for Microsoft SQL Server databases, announced version 2.0 of SQLsecure, an advanced SQL Server security auditing solution that identifies and analyzes database security risks. SQLsecure 2.0 extends its comprehensive set of analyses to include Windows operating system components and adds built-in policies to measure compliance against data security regulations such as Sarbanes-Oxley, PCI DSS, GLBA, HIPPA, BASEL II and The Patriot Act. As many companies are discovering, their biggest data security threat is not external hackers, but internal users. According to the 2007 CSI Computer Crime and Security Survey, 65% of companies who experienced a security incident reported losses due to insider activity. With the complex interaction of security settings and user access controls within SQL Server databases, the Windows operating system, file systems, and more, properly configuring and managing SQL Server security can be a daunting ta http://www.compliancehome.com/news/Basel-II/12412.html Tue, 11 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12416.html SAP AG (NYSE: SAP) today announced new versions of products across its market-leading portfolio of SAP solutions for governance, risk and compliance. As the leading provider of unified GRC solutions, SAP enables organizations to drive an integrated corporate strategy that synchronizes the management of enterprise risks, business controls and global trade compliance. The new product features will help customers accelerate resolution of security authorization issues without manual intervention, integrate risk and strategy management capabilities, assist in the central monitoring of business controls across multiple regions and IT landscapes, and help customers automate support for new trade and safety regulations. http://www.compliancehome.com/news/Basel-II/12416.html Tue, 11 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12406.html Idera, provider of management and administration solutions for Microsoft SQL Server databases, released version 2.0 of SQLsecure, an advanced SQL Server security auditing solution that identifies and analyzes database security risks. SQLsecure 2.0 extends its comprehensive set of analyses to include Windows operating system components and adds built-in policies to measure compliance against data security regulations such as Sarbanes-Oxley, PCI DSS, GLBA, HIPPA, BASEL II and The Patriot Act. As many companies are discovering, their biggest data security threat is not external hackers, but internal users. According to the 2007 CSI Computer Crime and Security Survey, 65% of companies who experienced a security incident reported losses due to insider activity. With the complex interaction of security settings and user access controls within SQL Server databases, the Windows operating system, file systems, and more, properly configuring and managing SQL Server security can be a daunting tas http://www.compliancehome.com/news/Basel-II/12406.html Tue, 11 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12402.html Woodside, Australia's largest publicly traded oil and gas exploration and production company, is deploying the Sourcefire 3D System to improve its global network security with increased network visibility and proactive threat protection. The Sourcefire 3D System provides Woodside with a combination of Network Behavior Analysis (NBA) and leading-edge IPS capabilities that allow the company to safeguard its assets across four continents. Sourcefire RNAs real-time visibility enables Woodside to easily identify new systems, vulnerabilities and policy violations throughout its worldwide network without impacting network performance. The company then uses this information to proactively enforce policies and tune its security devices for increased accuracy and protection. In addition, Sourcefire 3Ds innovative Compliance Whitelist capability enables Woodside to automate many of its security and compliance activities, so that it can easily define acceptable and unacceptable network activity http://www.compliancehome.com/news/Basel-II/12402.html Fri, 07 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12388.html TerraNua, provider of risk and compliance solutions to the U.S. wealth management market, announced that Artha Capital Management, a Stamford, CT-based alternative investment firm, has signed a contract to utilize the firm's proprietary software solution, MyComplianceOffice for its compliance reporting needs. A strong culture of compliance and established procedures are more prominent and critical for hedge funds in today's regulatory environment, said Adam Jaffe, chief compliance officer of Artha Capital Management. MyComplianceOffice provides us with a comprehensive, flexible, automated solution that will allow us to effectively monitor and, more importantly, document our compliance activities so that we can avoid any potential hazards. Having the MyCompliance Dashboard is an invaluable tool that allows me to visualize the company's adherence to its compliance mandates. http://www.compliancehome.com/news/Basel-II/12388.html Thu, 06 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12385.html FaceTime Communications, provider of solutions that control greynets and manage unified communications (UC) in the enterprise, today announced availability of an enhanced version of IMAuditor. It enables enterprises to benefit from their IBM Lotus Sametime and Microsoft Office Communications Server deployments with a highly available, fault-tolerant and enhanced security and compliance infrastructure that includes support for new modalities like VoIP, video and Web conferencing. FaceTime has seen growing concern among large organizations over the past several weeks, examining their ability to log, archive and retrieve instant messages. http://www.compliancehome.com/news/Basel-II/12385.html Wed, 05 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12377.html Websense introduced new messaging security solutions, including a new hybrid hosted and on-premise e-mail security solution, that give businesses broader protection from e-mail security threats and expanded regulatory and policy compliance capabilities. Websense has delivered on its promise to customers and the industry by investing in messaging security products acquired from SurfControl, said Jay Wessel, vice president of technology for the Boston Celtics. We chose Websense Email Security because of its phenomenal e-mail security protection and its granular policy enforcement capabilities that clearly outshine other solutions on the market. Websense provides essential protection to our organization. http://www.compliancehome.com/news/Basel-II/12377.html Wed, 05 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12372.html reland's leading bank, AIB will implement financial crime and compliance software from Norkom Technologies to facilitate compliance with the 3rd EU Anti-Money Laundering (AML) Directive across its Irish, UK, Polish and Capital Markets operations. The software, recognised by industry watchers as the market's most advanced, will support AIB's risk based approach to customer due diligence, anti-money laundering, automated monitoring of financial sanctions lists, and will provide rigorous investigation and case management functionality. The 3rd EU AML Directive requires financial institutions to implement a risk based approach to the management of their AML compliance operations, matching the degree of risk presented by each customer with an appropriate and variable level of monitoring activity, investigation and prioritisation. http://www.compliancehome.com/news/Basel-II/12372.html Mon, 03 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12357.html NetSol Technologies, a multinational provider of IT services and enterprise software to the financial services industry, has signed a contract with a leading bank in Pakistan to assess its readiness and to help it conform to the framework of the Basel II capital accord. Under terms of the contract, NetSol will help assess the readiness of the bank in adopting the Internal Ratings Based (IRB) approach of the Basel accord for credit risk. It may be noted that State Bank of Pakistan has been very proactive in encouraging the banking industry of Pakistan to fully adopt the Basel II accord. http://www.compliancehome.com/news/Basel-II/12357.html Sun, 02 Mar 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12352.html Fleming Gulf will host Basel II & Beyond: Risk Management Forum in Dubai on the 9th and 10th of June 2008, as a unique gathering that will bring together industry stakeholders involved in Risk Management from leading Local and foreign financial institutions. All areas of a Financial Institutions' risk fall into the important framework of Basel II to ensure that it is properly dealt with. It is imperative for the Risk Manager to understand the spirit of Basel II and how it affects risk management. This conference will enable the delegate to gain a valuable understanding of the current issues in risk management and how to overcome any challenges faced in the division. The expert speakers will address the audience with their insights from their practical experience and knowledge and allow a forum for debate. They will share the latest updates on Basel II and successful developments made to deal with risk management in the region. The aim is to expand the attendees' knowledge on the trend http://www.compliancehome.com/news/Basel-II/12352.html Tue, 26 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12329.html Edutech Middle East, provider of technology-enabled learning solutions signed a strategic agreement with BankMuscat, the leading bank in the Sultanate of Oman, to implement a customised eLearning and training system, which will familiarise the banks employees with Basel II standards. Set to benefit small and medium businesses, Basel II is a voluntary regulatory framework, which requires banks to maintain sufficient information security measures and transparency in loan portfolios to ensure adequacy in capital charges. The installation of the first solution of this kind in Oman is a significant step in the banks move towards achieving total fulfillment of Basel II requirements. The installation of the learning management system, which is expected to be completed very soon, follows an extensive evaluation of the banks requirements to effectively train employees to perform practices that comply with Basel II specifications. Through Edutechs Train the Trainers philosophy, which blend http://www.compliancehome.com/news/Basel-II/12329.html Sun, 24 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12315.html Nordea Group has today published its Annual Report for 2007 and for the first time also the Pillar 3 Report (Basel II) where Nordea's risk and capital management is described. Both documents are to be found on the web-page, www.nordea.com/ir. Printed versions of the Annual Report will be available beginning of March. The Pillar 3 report contains a full description of risk and capital management in Nordea, and information of the capital adequacy process within the Group. The second pillar in the Capital Requirements Directive (CRD) is the Supervisory Review Process, which should ensure that an institution's Internal Capital Adequacy Assessment Process clearly identifies material risk and that adequate capital is allocated here fore. Pillar 2 also includes the evaluation of the capital adequacy made by the Financial Supervisory Authorities. http://www.compliancehome.com/news/Basel-II/12315.html Thu, 21 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12304.html Nvolve has seen a major increase in sales due to the release of the Nvolve Response - Training and Compliance Management Made Easy solution to the Medical Devices and Pharmaceutical market. Nvolves expertise and management software solution helps organisations meet their regulatory requirements when it comes to the management and reporting of training activities. These tasks are normally essential and/or critical for compliance purposes and management reporting, and are in most cases extremely time consuming, highly costly and distracting from core business activities. http://www.compliancehome.com/news/Basel-II/12304.html Wed, 20 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12300.html WinMagicR Data Security, pioneer in endpoint security, announced that it has partnered with MXI SecurityT, the leader in managed portable security solutions, to integrate the companies' endpoint security solutions. WinMagic and MXI Security will introduce support for MXI Security Stealth MXPT and Outbacker MXPT portable security devices within WinMagic's SecureDocT security suite, to provide customers with greater choice and increased efficiencies from consolidated management. MXI Security's award-winning Stealth MXP and Outbacker MXP are perfect complements to WinMagic's proven encryption solutions for laptops, PDAs, removable media and data files, said Lawrence Reusing, Chief Executive Officer of MXI Security. Our integrated solution will provide security-conscious customers with many more choices for protecting sensitive mobile data, and the confidence of knowing that each option they choose to deploy delivers robust, FIPS-approved security. http://www.compliancehome.com/news/Basel-II/12300.html Thu, 14 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12278.html RiskMetrics Group, provider of risk management and corporate governance services to the global financial community, launched its next generation CreditManager application. Based on RiskMetrics Group's transparent CreditMetrics methodology, CreditManager helps quantify overall credit risk by capturing market exposure, rating changes and default risks within a VaR-like framework. CreditManager now features enhanced stress testing, securitization exposure, and a suite of advisory services. The new features enable institutions to more easily manage their Pillars II and III compliance with Basel II using CreditManager's cutting-edge technology. http://www.compliancehome.com/news/Basel-II/12278.html Tue, 12 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12261.html Xceedium, provider of solutions that enforce security policy and validate compliance for technical users, announced that E*TRADE FINANCIAL Corp. has chosen the Xceedium GateKeeper to enhance and automate its security policy for technical users -- while implementing and validating controls that meet compliance mandates. GateKeeper is expected to play a fundamental role in automating the controls E*TRADE has in place to protect and compartmentalize its infrastructure. http://www.compliancehome.com/news/Basel-II/12261.html Tue, 12 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12258.html More than three-quarters of large European insurers expect to spend less than 25 million through 2012 on Solvency II compliance, with more than half of those expecting to spend less than 5 million, according to results of a survey released today by Accenture. Specifically, one-third of the insurers surveyed said they expect to spend between 5 million and 25 millions on such compliance, with an even greater amount 43 percent saying they expect to spend less than 5 million. The European Unions Solvency II directive calls for a common set of solvency regulations for insurers across Europe by 2012, including the enactment of new rules regarding the levels of capital that EU insurers must set aside to cover their combined risks and liabilities. http://www.compliancehome.com/news/Basel-II/12258.html Wed, 06 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12225.html Attachmate Corporation announced the availability of Attachmate Reflection for Secure IT 7.0, a set of Secure Shell (SSH) clients and servers for Windows and UNIX that protect critical corporate data-in-motion. To comply with todays regulatory mandates, organizations are looking for security solutions that can allow for safer information sharing while seamlessly integrating with their existing infrastructure. Attachmate Reflection for Secure IT provides enterprises with secure access to corporate host resources, enabling compliance with regulations that require the protection of sensitive data in transit and the auditing of access to key systems and resources. Reflection for Secure IT offers Secure Shell clients and servers for Windows and UNIX specifically designed to protect data-in-motion. Reflection for Secure IT supports safer information sharing and meets growing regulatory requirements with confidence. http://www.compliancehome.com/news/Basel-II/12225.html Fri, 01 Feb 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12200.html In todays high tech world, maintaining the privacy and protection of customers and employees information grows more and more difficult particularly for many financial institutions. These days scammers are getting bolder and more brazen in their abilities to get personal information from banking customers as they aggressively target the smaller locally owned community financial institutions. http://www.compliancehome.com/news/Basel-II/12200.html Wed, 23 Jan 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12137.html Fiserv IPS-Sendero, a unit of Fiserv, and a provider of risk and value management solutions to financial institutions worldwide, announced today that Bank of Moscow has selected the IPS-Sendero KRM risk management system for its asset/liability management. The IPS-Sendero KRM system will allow the bank to promptly make decisions related to more efficient and profitable management of its assets. Used for credit risk, market risk, interest rate risk, and Basel II capital calculations, IPS-Sendero KRM incorporates advanced risk concepts developed by professor Robert A. Jarrow, an originator of the Heath-Jarrow-Morton multi-factor term structure model. http://www.compliancehome.com/news/Basel-II/12137.html Tue, 22 Jan 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12136.html Fair Isaac Corporation, provider of analytics and decision management technology, announced a new forward-looking decision tool kit for lenders. The Fair Isaac Risk Management Suite, available in 2Q08, provides deeper insight into the future debt sensitivity and default risk of individuals, as well as more precise understanding of default risk across entire loan portfolios. The suite includes the latest FICO 08 Score plus a new Credit Capacity Index score, Portfolio Stress Testing analytics, and educational modules known as Fair Isaac Insights. Our clients are experiencing unprecedented pressure to identify, understand and manage risk amid todays fast-moving, uncertain economic conditions, said Dr. Mark Greene, CEO of Fair Isaac. As the industry leader, we are responding with a far-reaching set of innovative resources that extend lenders ability to predict and manage credit risk effectively. http://www.compliancehome.com/news/Basel-II/12136.html Mon, 21 Jan 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12120.html Opportunities in Indian Banking Sector is the new addition in the report gallery of the leading market research firm RNCOS. The report provides extensive research and rational analysis on the Indian Banking Industry and has been made to help clients in analyzing the opportunities, challenges and the drivers critical to the growth of banking industry in India. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. The future projection undertaken in this report is done on the basis of the current market scenario, past trends, and rules and regulations laid by Reserve Bank of India (RBI). http://www.compliancehome.com/news/Basel-II/12120.html Thu, 10 Jan 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/12063.html SunGard announced that its BancWare solution has been voted the number one asset & liability management (ALM) provider in Risk magazine's annual technology rankings. Illustrated by the introduction of this dedicated category to the 2007 Risk rankings, ALM is now widely recognized as an important component of risk management, reflecting the advancements in industry best practice. http://www.compliancehome.com/news/Basel-II/12063.html Wed, 19 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11961.html MetricStream, the market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today announced its extended offering to support compliance with the Clause 49 requirement laid down by the Securities and Exchange Board of India (SEBI), adding it to its already strong and comprehensive solution for SOX compliance. MetricStream enables its customers to adopt a single platform for managing the multiple GRC initiatives, to significantly improve the effectiveness of their compliance programs while lowering the associated costs. SEBI's objective of adding Clause 49 in the Listing Agreement between a company and the stock exchange it is listed on is to effectuate good corporate governance practices in Indian companies. The Clause aims to protect the interests of the investors through improved quality and quantity of disclosures. With the increased regulatory oversight and investors expectations for good governance, it has become imperative for companies http://www.compliancehome.com/news/Basel-II/11961.html Tue, 18 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11954.html Third Brigade (IDS/IPS) announced a new white paper outlining 15 common security compliance threads uncovered through research conducted by ReymannGroup on behalf of Third Brigade. According to ReymannGroup, understanding the common compliance threads enables organizations to adopt a more proactive and cost-effective compliance initiative continuously managing information security and technology risk. ReymannGroup research has highlighted the importance of selecting and adopting technologies like host intrusion defense that can address a broad range of these common security mandates. Boards and senior management are now legally accountable for a companys security and compliance success or failure, said Paul Reymann, CEO of ReymannGroup. By identifying and addressing common compliance threads, an enterprise can reduce cost and minimize duplication of effort. http://www.compliancehome.com/news/Basel-II/11954.html Thu, 13 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11931.html Satyam Computer Services Ltd. and Bsafe Information Systems today announced a partnership under which Satyam will provide managed security solutions based on the Bsafe/Enterprise Security product suite. The Satyam-Bsafe solution will provide advanced access control, auditing and alerting functionality for IBM System i, System z and connected Windows and Linux servers - making it widely appealing to a broad range of multinational corporations whose IT environments often feature such technologies. Additionally, the unique Cross-Platform Audit functionality provided through this solution will enable global companies to streamline their compliance management requirements through automated logging and monitoring procedures. As such, the offering will allow companies to better align their IT security management procedures to numerous regulations and standards, such as the Sarbanes-Oxley Act (SOX), jSOX, Basel II, Control Objectives or Information and related Technology (COBIT), the Health In http://www.compliancehome.com/news/Basel-II/11931.html Wed, 12 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11911.html netForensics, a leader in security compliance solutions, today announced version 3.0 of nFX Data OneTM, its comprehensive security database monitoring solution that helps protect databases from unauthorized or malicious activities. New features include enhanced user session tracking, a more robust reporting framework, integration with change management systems, improved exception-management and support for MySQL 5.0. Together with nFX SIM One, netForensics flagship security information management (SIM) product, netForensics gives organizations the ability to identify and neutralize possible threats and data breaches from the perimeter to the core. http://www.compliancehome.com/news/Basel-II/11911.html Tue, 11 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11901.html Companies that have developed superior capabilities in security governance and risk management have demonstrated an ability to improve the productivity of their existing IT resources, make faster decisions, optimize their business processes, and improve the visibility of the compliance function across organizational and geographic silos. These findings are among the highlights of Security Governance and Risk Management: The Rewards of Doing the Right Things, and Doing Things Right, a comprehensive research report released today by Aberdeen Group of Boston, a Harte-Hanks company. Polivec, Inc. of Mountain View, provider of industrys first policy-driven Governance, Risk and Compliance (GRC) platform, co-sponsored the report. http://www.compliancehome.com/news/Basel-II/11901.html Thu, 06 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11884.html WysDM Software, provider of advanced data protection management (DPM) solutions, announced today that leading industry analyst firm the Taneja Group has identified WysDM 4 as the ideal platform for data protection assurance in a recent Solution Profile report titled Is your data protection compliant? Delivering best practices with WysDM 4. The report reviews the operational issues created by compliance-driven data protection assurance requirements and highlights how the WysDM 4 solution's capabilities can satisfy an enterprise's data protection assurance needs. The report is available at http://wysdm.com/WysDM4_TanejaGroupSolutionProfile.html. According to Arun Taneja, founder and consulting analyst, Taneja Group, WysDM goes beyond pure compliance, giving an organization the right tools to comprehensively manage every aspect of data protection. Using WysDM, an organization can proactively manage data protection practices, and guarantee service levels and capabilities. http://www.compliancehome.com/news/Basel-II/11884.html Thu, 06 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11877.html The leading market research consulting services company RNCOS has recently released a comprehensive report Middle East Banking Sector Analysis (2007-2011) on the booming banking sector of Middle East. According to the report, the total banking assets in the Middle East are anticipated to climb up at a CAGR of 18% during 2007 to 2011. The report provides a comprehensive overview of the factors that will fuel growth in the banking sector. These include rising disposable income, declining unemployment, increasing percentage of young and educated population, rising foreign investment, better regulatory framework, and increasing bank loan demand among others. The report identifies the Middle East banking industry as full of opportunities and poised for immense growth. Among the key growth areas for banking in the region are microfinance, bancassurance and credit card as these sectors have low penetration rate. http://www.compliancehome.com/news/Basel-II/11877.html Thu, 06 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11876.html dentifying and measuring operational risk are formidable challenges for banks and financial services organizations. To help organizations meet these challenges, the nonprofit, independent IT Governance Institute (ITGI) has released new guidance titled IT Control Objectives for Basel II: The Importance of Governance and Risk Management for Compliance. Developed by individuals from a range of financial services organizations and other banking advisors, IT Control Objectives for Basel II follows the format and intent of ITGIs popular IT Control Objectives for Sarbanes-Oxley publication. The book provides unambiguous guidance to operational and information stakeholdersincluding risk managers, IT practitioners, banking regulators, financial services experts and internal/external auditorsregarding operational and information risk management and its application to the Basel II Capital Accord framework. http://www.compliancehome.com/news/Basel-II/11876.html Thu, 06 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11875.html Austin Logistics, provider of event-based analytic software used to create value from customer interactions, announced today that China Construction Bank has purchased Vincio. Vincio is a real-time, enterprise decision platform. The bank, which is China's second largest credit card issuer with more than 12 million cards as well as its largest mortgage bank, will use Vincio to deploy all of its risk models, credit policies and strategies across the entire consumer banking business. Vincio is known for its highly scalable service-oriented architecture, best-in-class ability to fuse and use disparate data and its rapid speed in bringing new solutions to market. As part of the bank's Basel II IRB project, China Construction Bank chose Austin Logistics over several large competitors, based on Vincio's processing speed, flexibility and ease of use. http://www.compliancehome.com/news/Basel-II/11875.html Wed, 05 Dec 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11868.html The IT Policy Compliance Group announced the availability of its latest benchmark research report titled Core Competencies for Protecting Sensitive Data. The report, which incorporates responses from more than 450 organizations globally, concludes that only one in 10 organizations is in the enviable position of adequately protecting their sensitive data. The report also analyzes the variables between those companies that are leaders and laggards in the area of data protection, providing insight into best practices that can lead to better data protection, improved compliance and sustained competitive advantage. One of the most striking findings from the research is the correlation between the protection of sensitive data and regulatory compliance results: firms that excel at protecting sensitive data also perform well on regulatory compliance audits. Almost all (96 percent) of the organizations with the least loss of sensitive data are the exact same organizations with the fewest regula http://www.compliancehome.com/news/Basel-II/11868.html Tue, 27 Nov 2007 00:00:00 CST http://www.compliancehome.com/news/Basel-II/11819.html All major Canadian Schedule 1 (or chartered) banks passed a significant milestone on Thursday, November 1 by becoming Basel II compliant. Basel II is an accord that aims to create an international standard for national banking regulators to use when setting regulations about how much capital banks need in reserve to guard against financial and operational risks from their lending and investment practices. The Big Five Schedule 1 chartered banks accomplished compliance following a major, multi-year, implementation process alone equal to the $750 million Y2K effort of Canada's chartered banks. Now it is the turn of other Canadian financial institutions to meet the Basel II challenge.Basel II compliance can deliver significant business benefits and competitive advantage if implemented effectively. Canadian financial institutions such as the 1,595 credit unions and caisse populaires that serve over 10 million Canadians, trust companies, even some insurance companies and brokerage firms, no http://www.compliancehome.com/news/Basel-II/11819.html