Human resource security – defining roles and responsibilities

A7. Human resource security   The   crucial   task   for HR department when it comes to information security is to be proactive rather than reactive. It is indecorous just to rely on your IT departments  to make sure staff are educated about data loss and how to prevent it. HR professionals has to ensure that  employees  comply  with  security policies. The purpose of this standard is to set rules that apply…

If you believe being compliant is costly, try being non-compliant.

Objective: The objective of adhering to Compliance is to avoid breaches related to legal, statutory, regulatory or contractual obligations related to information security or any security requirements. This module of ISO 27001 helps in identification of applicable legislation and contractual requirements for the organization.   How does being compliant helps the organization: All relevant legislative statutory, regulatory, contractual requirements and the organization’s approach to meet these requirements shall be explicitly…

Shanmugavel Sankaran, FixNix Inc., accepted into Forbes Technology Council

Shanmugavel Sankaran, Founder FixNix Inc., a disruptor of award winning most innovative regTech company of the world, has been accepted into the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives. Shanmugavel Sankaran joins other Forbes Tech Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity…

General Data Protection Regulation (GDPR) Explained

  The General Data Protection Regulation (GDPR) is new EU legislation that comes into force on 25th May 2018 and will apply to businesses of all sizes operating in EU. GDPR Financial penalties – Increased fines Penalties for not conforming to the legislation will increase under GDPR, creating a bigger risk for businesses. Under the existing Data Protection Act, security breaches could be met with a maximum fine of £500,000.…

FDIC Part 370 Rule: Recordkeeping for Timely Deposit Insurance Determination

In April 2017, FDIC introduced the “Recordkeeping for Timely Deposit Insurance Determination” rule (Part 370) requiring insured institutions with more than two million deposit accounts to configure their systems to be capable of calculating the insured and uninsured amount in each deposit account by ownership right and capacity by April 2020. For compliance with the Part 370 rule, including: An articulation of the Rules set and timeline A review of…