A Fortune 20 company was all set to move its e-mail and collaboration systems to the cloud. The business case was obvious: It would be cheaper, more scalable, and easier to manage. The chief information officer was about to pull the trigger. Only one problem: The company hadn’t considered the move’s implications on e-discovery. Where […]
Todd Neff
Posted inRegulatory Enforcement
Clouds With Industry-Specific Compliance Built In
The arguments for industry-specific cloud computing are becoming more compelling. Take the pay-as-you-go cost advantages and expand-as-you-need flexibility the cloud affords, and add layers of industry-specific processing, security, and compliance. Indeed, ever since a couple of high-profile industry-specific cloud providers emerged in 2011, such as the NYSE Technologies’ Capital Markets Community Platform and SITA’s ATI […]
Posted inTechnology
A Successful BYOD Policy Balances Usability and Control
The idea of sensitive company data flying through the airwaves to computing devices the company doesn’t own is enough to make most compliance officers’ blood pressure rise. Sooner or later, however, many of them will face this exact scenario. With the phenomenon of BYOD—bring your own device—most companies have had to make a decision to […]
Posted inTechnology
Big Data: Unlocking the Potential of Information
Companies are creating oceans of data every day. Many are drowning in it. But the savviest companies see the future of compliance deep in those vast seas of ones and zeros. Collectively, we create 2.5 quintillion bytes of data every single day, according to IBM. A quintillion is a one followed by 18 zeroes. That’s […]
Posted inInternal Controls
Recipe for Anti-Corruption Successes: Due Diligence, Diverse Messaging
On April 25, the big news in anti-corruption circles was that Morgan Stanley got in no trouble at all. he U.S. Department of Justice and the Securities and Exchange Commission on that date announced resolutions of their separate cases against Garth Peterson, a former managing director of the investment bank’s real estate investment and fund-advisory […]
Posted inInternal Controls, Risk Management
Enterprise GRC Systems: Ready When You Are
When Lamond Kearse became the New York Metropolitan Transit Authority’s first-ever chief compliance officer in 2004, the 68,000-employee organization had no compliance system at all. Today, information once buried in thick spreadsheets and Word docs is now just keystrokes away—or even pushed to Kearse’s attention automatically. The MTA’s experience is an example of an enterprise […]
Posted inTechnology
Outlook for Data Security in the Cloud Starting to Brighten
By now, the benefits of cloud computing are familiar: rapid deployment, scalability, low startup costs, ability to focus on the business rather than running data centers, accounting gains from expensing costs rather than capitalizing them; the list goes on. The tally of “the cloud’s” principal disadvantages is just as well-known, albeit a lot shorter: data […]
Posted inRegulatory Enforcement
Dealing With JV Compliance Takes Varsity Skills
If compliance officers had any doubts about the long reach of U.S. regulatory interest in joint ventures with overseas partners, the Justice Department’s recent action again Marubeni Corp. should erase them. In January the Justice Department announced a deferred-prosecution agreement and $54.6 million in fines against Marubeni Corp., a Japanese trading company, for funneling bribes […]
Posted inTechnology
Mobile Apps: Productivity Godsend, Compliance Headache
The premium version of Documents to Go—the top-selling business app in Apple’s App Store—lets you create, edit, and view Word, Excel, and PowerPoint files stored in the cloud, making it a fantastic productivity tool and extending the power once available only on desktop PCs and laptops to handheld devices and tablet computers. It’s also a […]
Posted inTechnology
Cloud Computing’s Not-So-Silver Lining
Cloud computing may be inevitable, but security concerns about the technology platform just won’t go away. “The cloud” is unquestionably the hot new thing in the IT world, with supporters across Corporate America and the government sector alike touting its low cost and (allegedly) simple implementation. Still, concerns from legal, audit, and risk-management types stand […]