FixNix Blog

RHSB’s Jones Receives Cyber Risk Management Leadership Award

Nov 24, 2014 1:14:25 AM / by Shanmugavel Sankaran posted in fixnix, information security, IT security, Risk Management, Blog, cyber, Cyber Risk Management, cyber security, cyber threat, RHSB

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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 in delivering cutting-edge cyber risk insurance products to their clients. The recipients have taken appropriate steps to earn the trust of their clients and partners with respect to privacy and security risk management.

Jones has 20 years of risk management experience with all types of technology companies. He works with emerging as well as large international and publicly traded companies. Since technology firms were the earliest adopters of cyber insurance, he is a pioneer in placing this coverage. He has made some of the largest placements and handled some of the most significant and complex claims.Prior to joining RHSB, Jones served as executive vice president at a Dallas-based insurance agency, where he headed the Technology and Directors & Officers Liability divisions.

Jones has 20 years of risk management experience with all types of technology companies. He works with emerging as well as large international and publicly traded companies. Since technology firms were the earliest adopters of cyber insurance, he is a pioneer in placing this coverage. He has made some of the largest placements and handled some of the most significant and complex claims.

Prior to joining RHSB, Jones served as executive vice president at a Dallas-based insurance agency, where he headed the Technology and Directors & Officers Liability divisions.

source : insurancejournal.com

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SAS selected to enhance data analysis, risk management

Nov 24, 2014 1:08:53 AM / by Shanmugavel Sankaran posted in fixnix, Governance, Risk Management, SAS, Aegon, asset management, audit management, Blog, compliance, risk

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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 life cycle – from source to report.

According to Aegon’s Director of Reporting, Tadhg Clandillon, the company wants to improve data processes “so that we can provide reporting data more cost effectively whilst retaining robust standards that are transparent to all stakeholders.”

“Opting to work with SAS on this project was a decision made easier by their ability to track data all the way from start to finish, report on that data in the standard formats and give us the ability to investigate our data to support business decisions.”

Aegon Ireland has provided offshore investment solutions since 2002 and currently manages assets of over £4 billion for its 20,000 customers across the UK, Germany and France.

John Farrelly, SAS Regional Director, said “We're delighted Aegon Ireland has decided to use SAS to improve the financial reporting process. Being able to trust the data you are reporting on is critical to any business, especially when you have regulatory stakeholders.

“In the information economy it’s crucial that businesses like Aegon Ireland are able to properly collect and analyse data that will help with new regulations and compliance while improving risk management decisions across the business.”

Farrelly said that, like many financial services organisations, Aegon needs to comply with the Solvency II Directive that requires insurers to demonstrate they have enough capital to remain solvent and have effective risk management systems in place.

According to Farrelly, while faced with an array of requirements under Solvency II, it is also an opportunity for insurers to invest in staff and technology with a long-term strategy that brings benefits to the business over and above compliance.

Farrelly said SAS solutions deployed by Aegon Ireland are:

• SAS Risk Management for Insurance implements the Solvency II standard model approach for calculating risk-based capital with a comprehensive solution for performing risk analysis and risk-based capital calculations. It is built on a robust data management and reporting platform that includes an insurance-specific data model for complex risk analytics.

• SAS Visual Anayltics which is part of SAS’ suite of high-performance analytics solutions, enables organisations to easily map out and understand analytic insights and share those with employees and customers across an organisation. It delivers rapid in-memory analysis and interactive dashboards for reporting in-depth data visualisation.

• SAS Data Management is an industry-leading solution built on a data quality platform that helps you improve, integrate and govern your data. No matter where data is stored – from legacy systems to Hadoop – SAS Data Management helps you access the data you need. It is also integrated, so all components – from data quality to data federation technology – are part of the same architecture.

source : itwire.com

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

Nov 24, 2014 1:04:58 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC, Governance, GRC CLoud, Risk Management, TransCanada., asset management, audit management, BCM, Blog, compliance, Resolver GRC, Resolver Inc, risk

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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.

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

Nov 21, 2014 12:21:49 AM / by Shanmugavel Sankaran posted in fixnix, Governance, grc, IP360, Keylight, KPI, KRI, Lockpath, Risk Management, Tripwire, Tripwire® IP360™, asset management, audit management, BCM, Blog, compliance, risk

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LockPath

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.

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Skye Bank wins ‘Best Bank in risk management’

Nov 21, 2014 12:09:26 AM / by Shanmugavel Sankaran posted in fixnix, grc, Risk Management, skye bank, banks, Blog, Nigeria Risks Awards

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Skye Bank Plc has won the “Best Bank in Nigeria in Risk Management” in recognition of the bank’s strides in strengthening its risk management framework and system. The bank won the award at the recent ‘Nigerian Risk Awards’.

The Nigerian Risk Awards (NRAs) was conceived by Conrad Clark Nigeria Limited in collaboration with Business Day and the UK Institute of Risk Management.

A statement from the bank noted that the Nigeria Risks Awards is dedicated to recognising and reviewing organisations and individuals who have achieved measurable results through the effective implementation of enterprise risk management principles with particular emphasis on those who have developed creative and innovative solutions in overcoming the challenges facing businesses and organisations in Nigeria.

On the rationale for conferring the award on the bank, the awards organizer’s noted that Skye Bank had a robust and effective enterprise risk management structure which is capable of building a healthy institution on the long run.

The Award Night featured presentation of papers by experts on Business, Political and Health Risks, networking opportunities, Risk ‘Edutainment’ and many more.

It will recalled that the Lagos State Safety Commission also conferred the award of “Most safety friendly bank’ on Skye Bank this month on account of the bank’s policies and position on safety.

At the award ceremony, the Director General of the commission, Mrs Doming Odebunmi, described Skye Bank as methodical and compliant on safety issues, in addition to supporting institutions with the mandate to ensure and promote safety.

source : tribune.com

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Resolve security control issues on a PaaS with this risk management framework

Nov 21, 2014 12:06:26 AM / by Shanmugavel Sankaran posted in fixnix, FixNix Information security, incident management, Risk Management, SAAS, Blog, cyber security, Paas

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Identifying, implementing, and assessing security controls for an information system can be a burden. Ease your mind by following this six-step risk management framework.

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EY FIDS launches new technology tool to enhance third-party risk management

Nov 19, 2014 11:29:47 PM / by Shanmugavel Sankaran posted in FIDS, fixnix, FixNix Whistle blower, Governance, Risk Management, asset management, audit management, Blog, compliance, Ernst & Young, EY, EY Fraud Investigation, risk

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Building a better working world logo.

The cost of engaging corrupt third parties has never been higher for multinational companies. Without exception, the top 10 FCPA enforcement cases in history, totaling fines and penalties of more than $3.6 billion since 2008, all centered on the use of external parties to facilitate bribery schemes. To help companies better manage the complex fraud and corruption risk of engaging third parties, EY Fraud Investigation and Dispute Services (FIDS) has launched EY_ID, a secure, end-to-end technology solution to connect companies, third parties, and service providers seamlessly on a single web-based platform. EY_ID acts as an automated focal point to collect, review, assess, and archive the information required for a robust Know Your Third Party program. The result is a centrally managed and globally accessible platform designed to improve standardization, transparency, and accountability throughout the third-party life cycle.

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Integral launches cloud-based FX risk management solution

Nov 17, 2014 11:55:18 PM / by Shanmugavel Sankaran posted in fixnix, Integral, Risk Management, Blog, cloud Risk management

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integral

FX Yield Manager has gone live today, developed by Integral Development Corporation as the first cloud-based FX risk management suite, designed to provide automated customer profiling, risk warehousing and best execution within an end-to-end risk management process for FX banks and brokers

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Aegon Ireland Chooses SAS® for Better Risk Management

Nov 17, 2014 11:51:00 PM / by Shanmugavel Sankaran posted in fixnix, Governance, Risk Management, SAS, Aegon Ireland, Blog, compliance, risk

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With Solvency II deadlines fast approaching, Aegon Ireland has chosen data management and reporting technology from business analytics leader SAS to not only satisfy regulatory requirements but also provide insights from data to help its business leaders make better decisions.

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eGestalt launches Aegify Security, Risk and Compliance Solution Suite for AWS Marketplace

Nov 17, 2014 12:24:00 AM / by Shanmugavel Sankaran posted in FixNix GRC, IT-GRC, Risk Management, aegify, AWS, Blog, egesalt

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eGestalt announced the launch of the Aegify suite of security, risk and compliance management solutions on AWS Marketplace at the global AWS re:Invent 2014 user conference at The Venetian, Las Vegas, Nevada. The offerings allows customers to deploy Aegify Security, Risk and Compliance management for the Amazon Web Services (AWS) Cloud or a combination of hybrid IT architecture.
Aegify from eGestalt Technologies is a multiple-award winning solution for IT security monitoring, compliance management, vulnerability analysis, and risk management. Aegify offers solutions in the areas of security posture management, security monitoring, vulnerability management, IT-GRC and risk management while disrupting the way businesses manage security, compliance and risk by providing an easy-to-use, cost-effective solution that is easy to deploy and manage.

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