Data Privacy

Ethics and compliance software and services provider NAVEX Global and risk management company Ridge Global recently announced a partnership that will initially focus on delivering online training courseware to help companies educate their workforces on the growing risks associated with cyber-security and arm them with the tools they need to better protect their organizations. More inside.

Recall Holdings Limited, an information management solutions provider, recently announced the general availability of Recall CommandIG, a secure cloud-based or on-premise information governance solution that enables companies to easily govern paper records and digital information wherever it resides and address the challenges of secure collaboration. More inside.

Though data breaches are inevitable, companies still remain too focused on fortification rather than response, failing to adopt to the harsh realities of rapidly emerging international and multifarious cyber-security threats. Inside, columnist John Reed Stark recommends a three-step cyber-security transformation for companies to undertake to combat recent rapidly evolving cyber-dangers.

MediaPro this week announced two new tools to support its existing Adaptive Awareness Framework: the Adaptive Phishing Simulator and the Adaptive Knowledge Assessment. Both tools are part of MediaPro’s full suite of products designed to address companies’ evolving needs toward implementing a truly integrated security awareness program. More inside.

Image: Last week another huge shift in the compliance world happened: the Schrems decision by the European Court of Justice, finding that the previously presumed European Union Safe Harbor regime is invalid. For the anti-corruption compliance practitioner, the decision is double-trouble when you consider it in light of the recent Yates Memo. CW anti-corruption blogger Tom Fox has more inside.

As the SEC ferrets out inside traders and Ponzi schemers of the Internet Age, more voices are saying the agency has too much leeway to gather electronic records against investigation targets. Congress is mulling legislation to curb SEC power to get e-mail from Internet service providers; federal judges are applying more scrutiny to access to data on smart phones. Not surprisingly, the SEC wants to keep the power it has. More inside.

An Austrian student’s displeasure with Facebook has invalidated the longstanding trans-Atlantic Safe Harbor program for international data transfers. That complaint, originally about Facebook’s alleged cooperation in U.S. government spying, has reached the highest court and Europe and overturned 15 years of data privacy rules. Companies are left with few viable options, numerous complications, and the threat of hefty fines. More inside.

ACE Group, a multiline property and casualty insurer, last week announced the launch of ACE’s Global Cyber Facility, which goes beyond standard risk transfer by incorporating a comprehensive risk management solution into a single policy purchase. More inside.

PwC, U.S., has appointed Peter Cullen as privacy innovation strategist. With over 20 years of experience in corporate governance, privacy and risk management, Cullen provides strategic leadership to organizations, helping them leverage Big Data to achieve business value. More inside.

Washington wants Corporate America to step up its attention to terrorism risk. That was the message at a recent congressional hearing, the latest instance of voices saying business and government should cooperate to uncover terrorists’ sophisticated financing schemes. “Most of the early warning signs reside with the private sector, and the private sector is most often best suited to identify them,” says Daniel Larkin of the National Cyber Forensics & Training Alliance. More inside.