The three steps you should take to avoid a costly data fine

The increase in corporate mobile device use, fuelled by Bring Your Own Device (BYOD) and advances in technology, means there are many more ways in which data can be lost, whether through employee mistakes or malicious theft and sale of confidential information. As a result, GRC (Governance, Risk and Compliance) is one of the biggest issues facing companies at the moment. Unfortunately, the average business hasn’t realised this and remaining…

Petrobras agrees to appoint a “governance, risk management and compliance” director

Brazil’s oil and gas giant Petrobras (and currently immersed in a major corruption scandal) has decided the appointment of a director of governance, risk management and compliance mainly to ensure risk mitigation and ensure the repeat of situations of fraud and corruption, according to a release from the corporation. ”Petrobras’ Board of Directors approved at a meeting today (25 Nov.) the appointment of a director of Governance, Risk Management and…

Tier-3 builds on strengths in analytics, compliance, automation and incident response with Huntsman® 5.75

Tier-3 Pty Ltd, a leading vendor of Security Information and Incident Management software, and manufacturer of Huntsman® technology today released the latest version of its market leading Defence-grade Huntsman® cyber security monitoring solution. Huntsman® provides real-time threat detection, true behavioural anomaly detection, context awareness, threat intelligence and comprehensive incident management capabilities that allow organisations to detect, prioritise and respond to both known and unknown security threats in real-time. Huntsman® 5.75…

Mitie acquires risk management co Source Eight

Mitie Group Plc : * Mitie acquires Source Eight Limited * Has acquired a majority stake in source eight limited (“Source8”), real estate, technology and risk management consultancy * Initial consideration payable is a maximum of £2.95m, with £2.5m paid in cash on completion, and remainder payable dependent on performance targets * Further consideration is payable in cash up to a maximum of £12.5m depending on financial performance over a…

CIOs Take a Lead Role in Risk Management

In addition to serving as top IT innovators, CIOs are taking a primary role in the reduction of tech-related risks, according to a recent survey from FT Remark and Wipro. The resulting report, titled “Building Confidence: The Business of Resilience,” indicates that nearly all C-level executives feel that technology risk management is important. After all, a problem with a major business app’s performance, a network security compromise or an extended…

Bank of England appoints Deloitte to probe Chaps breakdown

The Bank of England has appointed Deloitte to conduct an independent review of the ten-hour breakdown in the operation of the UK’s high value payments system, Chaps, last month. The Bank has so far remained tight-lipped about the fault, which saw the deadline for processing payments through the system extended into the evening as it struggled to clear a large backlog. Although it has yet to give a clear explanation,…

RHSB’s Jones Receives Cyber Risk Management Leadership Award

Douglas R. Jones, senior vice president and principal at Texas-based Roach Howard Smith & Barton, was presented with the Cyber Risk Management Leadership Award 2014-15 at the annual Cyber Risk Management Boot Camp held in Atlanta, Ga., and hosted by INSUREtrust. The Cyber Risk Management Leadership Award is given to select independent agents that demonstrate expertise in cyber risk management, have addressed their own firm’s cyber risks, and have shown proficiency…

SAS selected to enhance data analysis, risk management

SAS has secured a contract in Ireland to provide its data management and reporting technology to assist financial services and fund management firm Aegon with its data analysis and, at the same time, satisfy industry regulatory requirements. The deployment from SAS – the largest independent vendor in the business intelligence market – sees Aegon, part of the Aegon Group, implement SAS solutions to help it improve processes throughout the data…

Resolver Receives 2014 GRC Value Award for: “GRC Solution Provider in Audit Management”

Resolver Inc., a leading provider of Governance, Risk and Compliance (GRC) solutions, today announced they have been honored with a 2014 GRC Value Award in the Audit Management category by GRC analyst firm GRC 20/20. The award came as a result of an innovative Capital Project Audit Management program developed in partnership with their client TransCanada. “Resolver has demonstrated proven business value in Audit Management, with its program GRC Cloud,”…

LockPath and Tripwire Enhance Risk and Vulnerability Management Programs With New Integration

LockPath, today announced a new integration with technology partner, Tripwire, the leader in advanced threat, security and compliance solutions. The integration between LockPath’s Keylight™ platform and the Tripwire® IP360™ vulnerability and risk management system will help mutual customers become proactive in risk and vulnerability management activities and streamline the remediation processes. “We’re driven to deliver solutions for our customers that constantly increase their ability to maintain control and visibility of…