|By PR Newswire||
|August 15, 2005 02:51 PM EDT||
ARLINGTON, Va., Aug. 15 /PRNewswire/ -- Cyber Security Industry Alliance (CSIA), the only public policy and advocacy group dedicated exclusively to cyber security, today released a report that summarizes key findings and conclusions from a conference held to discuss the adequacy of guidance given on IT security in Sarbanes-Oxley. Today's announcement follows a Sarbanes- Oxley compliance initiative that began in 2004 with a CSIA report outlining the implications of Section 404 for information security.
Attendees at IT Security and Sarbanes-Oxley Compliance: A Roundtable Dialogue of Lessons Learned, addressed whether the statutory and administrative materials governing Section 404 provide enough guidance on IT security to enable management and auditors to carry out their compliance obligations.
"The conference proceedings and subsequent announcements from the Securities and Exchange Commission (SEC) indicate that additional detailed guidance on information technology and security controls under Section 404 is neither desired by corporate management nor likely to be forthcoming from regulators, who have expressed a preference for relying on management's discretion and judgment in establishing IT controls rather than providing specific audit control lists," said Paul Kurtz, executive director of CSIA. "Against this backdrop, many auditors, legal counsel and management plan to rely on generally agreed upon frameworks for IT security, such as COBIT and ISO 17799. Regardless of how management decides to specifically address information security, the one thing that remains clear is that it must be considered an important part of overall compliance."
Sponsored by CSIA, George Mason University School of Law's Critical Infrastructure Protection Program (GMU), The Institute of Internal Auditors (IIA), the Information Systems Audit and Control Association (ISACA) and the Information Systems Security Association (ISSA), the conference brought together experts representing each of the key stakeholder communities involved in Section 404 compliance. Corporate management, audit and accounting, legal counsel and IT security officers and professionals made up four panels that discussed experiences and lessons learned in addressing IT security issues relating to Section 404 and whether or not more official guidance is needed.
The report highlights five lessons learned from the first round of compliance efforts that include:
* Steep learning curve inevitable regardless of adequacy of IT guidelines The heated political climate that led to the passage of Sarbanes-Oxley, combined with the bright spotlight directed at corporate leaders with each new revelation of scandal, mismanagement or fraud, virtually assured that the first round of compliance was going to entail a steep learning curve, regardless of the level of guidance provided. * IT security is not a CEO priority The relationship between IT and compliance under Section 404 has not been well understood by senior management and therefore, not given personal priority attention. This is because Congress has been silent on the issue of IT and CEOs listen and act on what Congress says. Also, the relationship between the concept of "internal controls," an accounting concept, and the role of IT security is not well recognized by corporate leaders. * Deference to auditors by management and legal counsel Section 404 under Sarbanes-Oxley is designed to hold management and auditors separately accountable; however, both management and legal counsel tend to defer to auditors in terms of interpreting and implementing Section 404. * Augmentation of COSO framework required Section 404 states that a company's internal controls must be based on "a suitable, recognized control framework established by a body of experts that followed due-process procedures," and specifies the COSO framework, published by the Treadway Commission's Committee of Sponsoring Organizations, as suitable. However, the COSO framework alone provides insufficient guidance, and some say it is too broad and not sufficiently focused on financial controls. Some auditors and IT professionals refer to the standard set forth in the Control Objectives for Information and related Technology (COBIT), developed by ISACA's IT Governance Institute. * Existing control processes and procedures affect Sarbanes-Oxley compliance activities Companies with already established and implemented internal controls throughout their organization have an easier time meeting Section 404 compliance obligations. Those without solid internal controls are confronted with a more complicated compliance process.
The report concludes that management and legal counsel representatives generally opposed additional IT governance and security guidance from the Public Company Accounting Oversight Board (PCAOB), as it was seen as unnecessary, unhelpful and unwanted. However, representatives from public accounting firms were in favor of additional PCAOB guidance and many panelists were in favor of formal recognition by the PCAOB of COBIT.
Representatives were unanimous in the view that stakeholder communities do not communicate with one another effectively on IT governance and security, as they all speak in terms and language unique to their profession. They also agreed that a common lexicon and framework is needed to ensure all stakeholders share a common understanding of each other's roles and responsibilities in the Section 404 compliance process.
To obtain a copy of today's CSIA report, "IT Security and Sarbanes-Oxley Compliance: Conference Summary of Findings and Conclusions," please visit http://www.csialliance.org/.
About the Cyber Security Industry Alliance
CSIA is the only advocacy group dedicated exclusively to enhancing global cyber security through public policy, education, awareness and technology. The organization is led by CEOs from the world's top security providers, who offer the technical expertise, depth and focus to encourage a better understanding of cyber security issues. It is the belief of the CSIA that a comprehensive approach to ensuring the security, integrity and availability of global information systems is fundamental to national and economic stability. To learn more about the CSIA, please visit our Web site at http://www.csialliance.org/ or call +1-703-894-2742.
Members of the CSIA include BindView Corp. ; Check Point Software Technologies Ltd. ; Citadel Security Software Inc. ; Citrix Systems, Inc. ; Computer Associates International, Inc. ; Entrust, Inc. ; Internet Security Systems Inc. ; iPass Inc. ; Juniper Networks, Inc. ; McAfee, Inc. ; PGP Corporation; Qualys, Inc.; RSA Security Inc. ; Secure Computing Corporation , Surety, Inc.; Symantec Corporation and TechGuard Security, LLC.Cyber Security Industry Alliance
CONTACT: Stacy Simpson of the Merritt Group, +1-703-390-1528, or
[email protected], for the Cyber Security Industry Alliance
Web site: http://www.csialliance.org/
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater.
Aug. 29, 2015 03:45 PM EDT
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Aug. 29, 2015 03:30 PM EDT Reads: 414
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
Aug. 29, 2015 11:00 AM EDT Reads: 192
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Aug. 29, 2015 11:00 AM EDT Reads: 232
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
Aug. 29, 2015 10:30 AM EDT Reads: 104
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 29, 2015 09:30 AM EDT Reads: 843
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Aug. 29, 2015 08:45 AM EDT Reads: 179
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
Aug. 29, 2015 08:45 AM EDT Reads: 576
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
Aug. 29, 2015 07:45 AM EDT Reads: 127
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
Aug. 28, 2015 07:45 PM EDT Reads: 193
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 28, 2015 06:00 PM EDT Reads: 321
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
Aug. 28, 2015 05:30 PM EDT Reads: 409
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Aug. 28, 2015 03:00 AM EDT Reads: 360
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
Aug. 28, 2015 12:30 AM EDT Reads: 360
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
Aug. 26, 2015 07:00 AM EDT Reads: 117
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
Aug. 2, 2015 11:15 AM EDT Reads: 544
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 475
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
Jul. 30, 2015 07:30 PM EDT Reads: 1,561
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Jul. 30, 2015 02:30 PM EDT Reads: 275
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Jul. 30, 2015 12:00 PM EDT Reads: 2,222