Part of the problem is if their heritage is that of consumer-grade products, it's tougher to get into enterprise because they carry that reputation," said Michael Osterman of market research firm Osterman Research, which studies the enterprise IM...
Company directors have been reminded that a failure to comply with tightening regulations can and will land them in prison, despite continued apathy among many. Under regulations such as Sarbanes-Oxley non-compliance can result in personal...
An Accenture survey of compliance chiefs in 63 US and European banks found the majority were struggling to implement the IT systems necessary to comply with Basel II, a regulation aimed at making financial companies focus on business risk.
Instant messaging, used in more than 90 per cent of North American workplaces, "has created a lot of headaches for IT managers because it is consumer software" that lacks the management and security features corporations need, said Michael...
The [US] SEC "takes a serious view" of non-compliance, and such a situation would also "cause investors to lose faith" in the company, he added. The date is an extension of the original deadline of 15 July, 2005, set by the US Securities and...
Nevertheless, the fear of large fines for failure to comply with regulations, along with the risk of a damaged reputation, can encourage a global bank to spend more than $2m on an AML system. On the surface these reasons alone seem likely to deter...
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