12.05.2006 SOX hardships fail to deter investors
Another senior member of the U.S. Securities Exchange Commission has voiced his opposition to small and microcap companies getting exemptions from a number of SOX provisions...

11.05.2006 Businesses stalling U.S. federal law on data leakage
A series of high-profile data leaks last year in the U.S. sparked a flurry of activity in Congress and it seemed as if a much-needed national law would be passed at any moment...

11.05.2006 Basel II deadline nears for India’s banks
India's commercial banks have until March 31, 2007 to meet the provisions of the Basel II Accord, but the head of the country’s main regulatory body says it will eventually affect companies working in insurance and securities...

02.05.2006 Arizona eyes toothless data leakage bill
U.S. Senate Bill SB 1338 could shortly force companies working in the state of Arizona to inform consumers if their private data is compromised. However, according to the law, the final decision – to inform, or not to inform — will be taken by the company involved...

19.04.2006 E-mail archives causing problems for British business
Everything points to the fact that the managers of British companies are still incapable of storing electronic data in line with statutory obligations...

17.04.2006 U.S. lawmakers propose yet another bill on confidential data
U.S. legislators have proposed another bill that addresses data leaks and that resembles a state law that has been in effect in California for the last three years...

11.04.2006 GLBA privacy notifications face changes for the better
U.S. federal regulators have devised a prototype for financial privacy notices within the framework of the Gramm-Leach-Bliley Act. If the new version successfully passes a test period...

10.04.2006 No reprieve for small businesses wrestling with SOX
The chairman of the U.S. Securities and Exchange Commission has spoken out against any possible exemptions from Section 404 of the Sarbanes-Oxley Act for small businesses...

07.04.2006 Can regulatory compliance be exported from company to company?
A number of analysts believe that any financial organization that manages to comply with all the regulatory acts and standards in force today can export their infrastructure and sell it to competitors...

06.04.2006 Finalized version of Basel II published for U.S. banks
A finalized version of the Basel II accord for U.S. banks has been released for comment. Banks will have to work with Basel I and Basel II simultaneously for one year before the Basel II provisions can be fully adopted...

04.04.2006 U.S. bill promises heavy fines for sales of telephone records
A bill passed by a U.S. Senate committee looks set to ban the sale of telephone records. If the law is adopted, the Federal Communications Commission would be able to impose hefty fines for the sale of other people’s records...

03.04.2006 $5M fine for every private data leak
A U.S. House committee has approved a bill that would introduce a national standard for safeguarding personal information and monitoring data leaks...

01.04.2006 U.S. offered yet another weak bill on data leaks
This time the bill has come from the Financial Services Committee of the U.S. House of Congress. The draft legislation would allow companies themselves to decide whether or not to inform the public of a data leak...

31.03.2006 Insider given 10-year sentence for selling FBI medical records
Ten years behind bars and a fine of $250,000 – that was the penalty for a hospital worker who tried to sell the private medical records of an FBI agent...

29.03.2006 Large businesses getting to grips with SOX spending
A recent survey by the Business Roundtable shows that almost all of those polled are sure that their expenses on the Sarbanes-Oxley Act will not increase in 2006...

28.03.2006 United States: Security Breach Notification Requirements: Guidelines and Securities Law Considerations
Hardly a week passes without a news story about the theft of personal data from a computer database of a major company or organization. In 2005 alone, the personal information of at least nine million people was compromised...

27.03.2006 A Law Divided: PCAOB Guidance at Odds with SEC?
Will external SOX audits reflect kinder, gentler control assessments? Recent SEC guidance stresses "reasonable" vigilance. But the PCAOB response to last years' audits might leave companies toeing a harder line...

27.03.2006 Identity theft victims to get additional passport
Will a special “passport" issued to victims of identity theft help protect them from charges leveled by the police and credit organizations?..

24.03.2006 SOX helping to solve IT security problems
Research carried out by the IT Governance Institute has shown that companies adhering to the conditions of the Sarbanes-Oxley Act do not suffer any serious IT security problems...

23.03.2006 Business lobby vents anger at SOX
The U.S. Chamber of Commerce, a traditional business lobbying group, has criticized the Securities Exchange Commission for its over-zealous regulatory methods...