14.02.2006 Sarbanes-Oxley compliance costing firms $1M for every $1Bln earned
A survey conducted by AMR has revealed that companies are spending $1 million for every billion dollars in revenues in order to comply with the Sarbanes-Oxley Act...

10.02.2006 State of Colorado clamps down on private data leaks
A bill put forward for consideration in the U.S. state of Colorado sets out tough new regulations for database operators in the event of a leak. Companies would be required to inform victims either in letter or electronic form, or even via state-wide media in the case of a major leak...

09.02.2006 U.S. war on sales of private telephone data widens
The third largest mobile telephone operator in the U.S., Sprint Nextel, has filed a lawsuit against All Star Investigations alleging that the firm fraudulently accesses and sells private telephone records on its sites detectivesusa.com, miamiprotection.com and privatedectivesusa.com.

08.02.2006 AT&T faces $100,000 fine for mislaid privacy report
The U.S. Federal Communications Commission has proposed fining AT&T Inc. $100,000 for failing to file an annual report detailing its compliance with the FCC's customer privacy-protection rules.

08.02.2006 Sarbanes-Oxley's section 404 costing firms 20 times more than expected
Section 404 of the Sarbanes-Oxley Act has resulted in unforeseen difficulties and excessive costs for companies, according to a member of the U.S. Securities and Exchange Commission. He said companies are paying 20 times more than expected to comply with section 404. According to InfoWatch, the effects of the Sarbanes-Oxley Act are unlikely to ease for the next 2-3 years at least.

02.02.2006 U.S. firms selling private telephone data face legal onslaught
The U.S. judicial system has demonstrated its effectiveness after a court blocked the work of 1st Source Information Specialists, which faces a series of lawsuits for selling the telephone records of Americans over the Internet...

01.02.2006 U.S. state laws on confidential data breaches
Since Jan. 1, 2006 the group of U.S. states with their own legislation on sensitive data leaks has been joined by New Jersey, Louisiana and Illinois. The number of states regulating confidential and private information has now reached two dozen...

31.01.2006 Russian security services cite safety record in bid to control ID database
The Russian parliament, the State Duma, is examining amendments to the draft law "On personal data" trying to take into account the demands of the Church as well as decide on who will supervise those using the information. The KGB's successor agency, the FSB, has already expressed an interest in the latter role...

28.01.2006 Sarbanes-Oxley Act fails to protect Non-American whistle-blowers
The whistle-blower protection measures of the Sarbanes-Oxley Act do not extend to foreign employees of overseas subsidiaries of U.S. firms, according to a recent court ruling. Some related issues still remain open to question, however...

27.01.2006 Russia backs new personal data law
Russians have expressed their overwhelming support for proposed new legislation governing personal data. According to a recent opinion poll, less than 3.5% of Russians feel their personal details are safe, while almost 25% believe they are anything but secure...

26.01.2006 Lords reject British ID cards on three counts
The House of Lords, Britain's upper house of parliament, has dealt three blows to the government's plans to introduce national ID cards. Uncertainty surrounding the costs, fears over the security of the information contained on the cards and their impact on the everyday lives of Britons has thrown the future of the cards themselves into doubt...

25.01.2006 U.S. senators push for ban on phone record sales
U.S. senators have announced two new bills following the American public's amazement at recent reports that revealed just how easy it was to acquire almost anyone's private cell-phone records...

24.01.2006 IT Governance Institute launches CobiT update
The IT Governance Institute has released the most significant update to the management standard for information infrastructure since 2000. The new version places more emphasis on the responsibilities of boards and employees...

20.01.2006 New guidelines issued for GLB compliance at smaller banks
Small-Entity Compliance Guide is intended to aid compliance with previously issued interagency guidelines...

20.01.2006 Rigorous new law to protect private data in U.S.
Described as one of the nation's toughest laws, the New Jersey Identity Theft Protection Act came into effect on Jan. 1, 2006 in the state of New Jersey...

20.01.2006 Protection of private data becomes priority for Canadians
The wave of legislative initiatives to protect private data has made its way to Canada. The country's Green Party has proposed a bill that would compel banks, credit agencies and other institutions to inform clients when their personal information had been compromised...

20.01.2006 British oil giant announces staggering SOX bill
British Petroleum has spent $100 million on compliance as a result of being listed on the NYSE...

20.01.2006 SEC advisory panel takes first official step toward graduated compliance
Vote overwhelmingly favors idea of exempting small public companies from some or all of SOX Section 404 requirements...

19.01.2006 Sarbox compliance costs to fall 40%
The costs of complying with Section 404 of the Sarbanes-Oxley Act are expected to drop by 40% in the second year under the new rules, according to a survey...

22.12.2005 SOX Section 404 audit problems identified by PCAOB report
After monitoring the implementation of Auditing Standard No. 2 the Public Company Accounting Oversight Board has issued a report on the problems it found...