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• nFX Data One Provides Organizations with Enhanced User-Session Tracking and Improved Reporting Framework to Address Compliance Requirements
  netForensics, a leader in security compliance solutions, today announced version 3.0 of nFX Data OneTM, its comprehensive security database monitoring solution that helps protect databases from unauthorized or malicious activities. New features include enhanced user session tracking, a more robust reporting framework, integration with change management systems, improved exception-management and support for MySQL 5.0. Together with nFX SIM One, netForensics flagship security information management (SIM) product, netForensics gives organizations the ability to identify and neutralize possible threats and data breaches from the perimeter to the core.
• Aberdeen Group Report: Automated Compliance Platforms Emerging as Key Enablers to Effective Security Governance and Risk Management
  Companies that have developed superior capabilities in security governance and risk management have demonstrated an ability to improve the productivity of their existing IT resources, make faster decisions, optimize their business processes, and improve the visibility of the compliance function across organizational and geographic silos. These findings are among the highlights of Security Governance and Risk Management: The Rewards of Doing the Right Things, and Doing Things Right, a comprehensive research report released today by Aberdeen Group of Boston, a Harte-Hanks company. Polivec, Inc. of Mountain View, provider of industrys first policy-driven Governance, Risk and Compliance (GRC) platform, co-sponsored the report.
• Taneja Group Identifies WysDM 4 as the "Ideal Platform for Data Protection Assurance"
  WysDM Software, provider of advanced data protection management (DPM) solutions, announced today that leading industry analyst firm the Taneja Group has identified WysDM 4 as the ideal platform for data protection assurance in a recent Solution Profile report titled Is your data protection compliant? Delivering best practices with WysDM 4. The report reviews the operational issues created by compliance-driven data protection assurance requirements and highlights how the WysDM 4 solution's capabilities can satisfy an enterprise's data protection assurance needs. The report is available at http://wysdm.com/WysDM4_TanejaGroupSolutionProfile.html. According to Arun Taneja, founder and consulting analyst, Taneja Group, WysDM goes beyond pure compliance, giving an organization the right tools to comprehensively manage every aspect of data protection. Using WysDM, an organization can proactively manage data protection practices, and guarantee service levels and capabilities.
• Middle East Banking Industry to Skyrocket by 2011: RNCOS Report
  The leading market research consulting services company RNCOS has recently released a comprehensive report Middle East Banking Sector Analysis (2007-2011) on the booming banking sector of Middle East. According to the report, the total banking assets in the Middle East are anticipated to climb up at a CAGR of 18% during 2007 to 2011. The report provides a comprehensive overview of the factors that will fuel growth in the banking sector. These include rising disposable income, declining unemployment, increasing percentage of young and educated population, rising foreign investment, better regulatory framework, and increasing bank loan demand among others. The report identifies the Middle East banking industry as full of opportunities and poised for immense growth. Among the key growth areas for banking in the region are microfinance, bancassurance and credit card as these sectors have low penetration rate.
• IT Governance Institute Releases New Business Risk Guidance for Organizations Affected By Basel II
  dentifying and measuring operational risk are formidable challenges for banks and financial services organizations. To help organizations meet these challenges, the nonprofit, independent IT Governance Institute (ITGI) has released new guidance titled IT Control Objectives for Basel II: The Importance of Governance and Risk Management for Compliance. Developed by individuals from a range of financial services organizations and other banking advisors, IT Control Objectives for Basel II follows the format and intent of ITGIs popular IT Control Objectives for Sarbanes-Oxley publication. The book provides unambiguous guidance to operational and information stakeholdersincluding risk managers, IT practitioners, banking regulators, financial services experts and internal/external auditorsregarding operational and information risk management and its application to the Basel II Capital Accord framework.
• China Construction Bank Chooses Enterprise Decision Platform from Austin Logistics
  Austin Logistics, provider of event-based analytic software used to create value from customer interactions, announced today that China Construction Bank has purchased Vincio. Vincio is a real-time, enterprise decision platform. The bank, which is China's second largest credit card issuer with more than 12 million cards as well as its largest mortgage bank, will use Vincio to deploy all of its risk models, credit policies and strategies across the entire consumer banking business. Vincio is known for its highly scalable service-oriented architecture, best-in-class ability to fuse and use disparate data and its rapid speed in bringing new solutions to market. As part of the bank's Basel II IRB project, China Construction Bank chose Austin Logistics over several large competitors, based on Vincio's processing speed, flexibility and ease of use.
• New Research Outlines Key Steps to Protect Sensitive Data
  The IT Policy Compliance Group announced the availability of its latest benchmark research report titled Core Competencies for Protecting Sensitive Data. The report, which incorporates responses from more than 450 organizations globally, concludes that only one in 10 organizations is in the enviable position of adequately protecting their sensitive data. The report also analyzes the variables between those companies that are leaders and laggards in the area of data protection, providing insight into best practices that can lead to better data protection, improved compliance and sustained competitive advantage. One of the most striking findings from the research is the correlation between the protection of sensitive data and regulatory compliance results: firms that excel at protecting sensitive data also perform well on regulatory compliance audits. Almost all (96 percent) of the organizations with the least loss of sensitive data are the exact same organizations with the fewest regula
• Versabanq's Asset Management Software Set to Help Financial Institutions Reap the Business Benefits of Basel II
  All major Canadian Schedule 1 (or chartered) banks passed a significant milestone on Thursday, November 1 by becoming Basel II compliant. Basel II is an accord that aims to create an international standard for national banking regulators to use when setting regulations about how much capital banks need in reserve to guard against financial and operational risks from their lending and investment practices. The Big Five Schedule 1 chartered banks accomplished compliance following a major, multi-year, implementation process alone equal to the $750 million Y2K effort of Canada's chartered banks. Now it is the turn of other Canadian financial institutions to meet the Basel II challenge.Basel II compliance can deliver significant business benefits and competitive advantage if implemented effectively. Canadian financial institutions such as the 1,595 credit unions and caisse populaires that serve over 10 million Canadians, trust companies, even some insurance companies and brokerage firms, no
• ITGI Unveils New Business Risk Guidance for Organizations Affected By Basel II
  Identifying and measuring operational risk are formidable challenges for banks and financial services organizations. To help organizations meet these challenges, the nonprofit, independent IT Governance Institute (ITGI) has released new guidance titled IT Control Objectives for Basel II: The Importance of Governance and Risk Management for Compliance. Developed by individuals from a range of financial services organizations and other banking advisors, IT Control Objectives for Basel II follows the format and intent of ITGIs popular IT Control Objectives for Sarbanes-Oxley publication. The book provides unambiguous guidance to operational and information stakeholdersincluding risk managers, IT practitioners, banking regulators, financial services ex