Last month, SoulCycle, a well-known high-end cycling business, filed for an initial public offering. In the midst of this exciting transition from private to public, SoulCycle was hit with a lawsuit for violating the Credit Card Accountability and Disclosure Act. One might assume that the company was outed by a compliance agency or regulator. But, surprisingly, this lawsuit comes from a disgruntled former customer, Rachel Cody, who felt she was being "robbed" by the cycling mogul she once truste
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http://corporatecomplianceinsights.com/how-coso-destroyed-risk-management/
I have published an article with Corporate Compliance Insights on COSO and risk management. I would like to get this groups opinion on the article: Pros and Cons and hear your arguments for why you agree or disagree? Basically, I truly believe that risk management and the growth of risk practice must have one component of internal controls as a building block but it is time for risk to depart from COSO and develop more r
You’ll probably be shocked to learn that last year, thousands of cars with keyless entry technology were stolen in London, says a report from wired.com.
But fact is, the more connected a vehicle is to the cyber world, the more hackable the vehicle is—and the hack could be to steal the vehicle or hurt the owner.
Rule: Anything that’s connected, especially via WiFi can be hacked.
The article notes that recently, a Jeep Cherokee was hacked with a smartphone via its Internet-connected navigation and en
Catfishing is when someone creates a phony online account—and not necessarily to scam someone for financial gain. An article on vice.com tells all about a person who’s been catfishing for eight years.
She started in middle school by creating “Joey” on MySpace. She then commented, as “Joey,” on her real MySpace page to make herself appear that some cool kid named Joey thought she was pretty.
She got older and didn’t have friends. Don’t blame her for this. Her mother was an addict and father behind
Jeanette Franzel, board member of the Public Company Accounting Oversight Board (PCAOB), recently spoke at the American Accounting Association (AAA), according to The Wall Street Journal. She says audit-oversight inspections show a twenty percent increase (since 2013) in internal-control deficiencies of company audits. Inspections also indicate that 36 percent of company audits now have internal-control deficiencies, which constitutes a threefold increase from five years ago.
Franzel indicated th
Enrique Suarez Presenting:
Define Your Digital Strategy—Now
Source:
Ross, Jeanne W.
Sebastian, Ina
Fonstad
Center for Information Systems Research (CISR)
M.I.T
2015-06-18
Abstract: The confluence of social, mobile, analytics, cloud, Internet of Things, and other powerful, readily accessible technologies is disrupting businesses in all industries. Success requires a coherent digital strategy that is informed by the capabilities of these technologies. Leaders guide investment decisions by focusing on eithe
As recent data breaches have shown, cyber attacks are particularly threatening to government entities handling sensitive data like Social Security numbers. Unfortunately, state agencies struggle to hire cybersecurity professionals.
The cause of this staffing shortage? There simply aren’t enough qualified people for the job[i]. Thankfully, change is in the air.
To attract skilled cybersecurity experts, some state governments are expanding IT internships for high school and college students. Many ar
This past April, an Air Force reconnaissance airplane caught fire. At the time, 27 airmen were on the plane, and all their lives were put in danger. What went wrong and caused this costly error? According to U.S. Air Force investigators, the mistake traces back to an error in vendor management. In this case, a vendor failed to properly secure an oxygen tank, resulting in a “highly flammable oxygen-rich environment that ignited.”
Findings also indicate that problems with the military contractor ma
Years ago negative interest rates were unheard of. Modeling assumptions (often purposely) excluded them due to their extremely low probability, it simply seemed counter intuitive that they could even be present in a market, and certainly if they did they seemed as if they’d be a rare blip and not a prolonged market environment.
Fast forward to today, and negative rates are rampant across the Euro Zone and continue to be a critically important issue in global finance. While the Bank of England has
National Preparedness Month is happening right now. It’s the perfect time to take action for you and your community. It’s all about making plans to remain safe, and when disasters do strike, to keep communications going. September 30th is the culmination of NPM, with the National PrepareAthon! Day.
If a burglar sees your Facebook status that you are traveling on vacation and then enters your house, and takes $10,000 worth of valuables, it’s safe to say you as the homeowner facilitated the theft.
It sounds almost like science fiction, even in this cyber age: A thief hacks into your computer and encrypts your files, meaning, scrambles the information so you can’t make sense of any of it. He demands you pay him a big fat payment to “unlock” the encryption or to give you the “key,” which is contained on the thief’s remote server.
You are being held ransom. The FBI’s Internet Crime Complaint Center has sent out a warning to both the common Internet user and businesspeople about this ransomwar
The New York Times author David Leonhardt recently published a puzzle that I recommend all governance personnel attempt. Take a second to give it a try before reading this blog, but if you’re pressed for time, I’ll outline the basic premise.
The puzzle asks that you find the rule in the following pattern of numbers by guessing other sets of numbers that may or may not obey the rule. The sequence that obeys the rule is:
You may think you have the puzzle figured out already, and if you guessed, say,
Darkode anyone? Not anymore. This underground bad hackers’ forum was recently demolished by the FBI, says a report on www.justice.gov. The dozen hackers associated with Darkode are facing criminal charges.
Though there are about 800 of such forums, Darkode was among the worst (or shall I say “best”?), presenting a serious threat to worldwide computers. Gone is Darkode’s ventures of buying, selling and trading malware, and exchanging hacking strategies—to actually carry out crimes, not just fun br
You take your car to the mechanic; it’s been making a funny grinding noise when you press on the gas pedal. The mechanic tells you what’s wrong and what needs to be fixed, then socks you with the estimate.
How can you tell he’s not embellishing a lot of the “diagnosis”? You know nothing about cars. You have to take his word for it. What if the second opinion is also from a scammer and sounds a lot like the first opinion? You’re screwed.
An article at carbuying.jalopnik.com describes five auto repa
It is September and it’s National Preparedness Month—a great time to get involved in the safety of your community. Make plans to stay safe, and this includes maintaining ongoing communications. National Preparedness Month culminates September 30th with National PrepareAthon! Day.
I learned in high school biology class that one of the things that distinguishes life forms from inanimate objects is that living things replicate. Therefore, a computer virus is, well, alive; it replicates itself. It’s
Some of us remember college dorm days, when students were envied if they had their own typewriter. These days, college students must have a personal laptop computer, and a smartphone, and their lives revolve around these connected devices. Such dependency should be proactively protected from loss or theft. Campus security now means more than just being beware of who might be hiding in the bushes at night.
When you send your college kid off into the world, you want them to be prepared for life’s
Cybersecurity has been on our radar a lot lately, but that's thanks to the alarming number of recent, high-profile security breaches. Take a look at our recent blog post regarding a major flaw in the Android operating system, or our discussion of hackers' disturbing rate of maturity.
Federal officials recently broke up a long-term insider trading scheme
In early August of this year, it was announced that Feds succeeded in breaking up a hacking and insider trading scheme in which international hack
One of the strongest forms of confirmation is a double reversal signal.
For example, the current chart of Wal-Mart shows how two bullish reversal candlesticks show up on the price chart, and how to interpret them. In this case, candlesticks provide strong bullish signals even though momentum contradicts what these show. A skilled chart reader knows that when you get contradictory signals, you either have to wait out the signal trends or find strategies that benefit if the stock price moves in eit
Hackers with big skills and a big ego will be drawn to Facebook and Twitter as their targets. But they’ll also target dozens of other companies, reports an article on arstechnica.com.
One group in particular stands out as the attackers, using zero-day exploits. They are known as Wild Neutron and Morpho, says the article, and have been active possibly since 2011, burrowing their way into various businesses: healthcare, pharmaceutical, technology.
It’s been speculated that the hackers want the insid
You’re sitting on your front porch. You see a stranger walking towards your property. You have no idea whom he is. But he’s nicely dressed. He asks to come inside your house and look through your bank account records, view your checkbook routing number and account number, and jot down the 16-digit numbers of your credit cards. Hey, he also wants to write down all your passwords.
You say, “Sure! Come on in!”
Is this something you’d be crazy enough to do? Of course not!
But it’s possible that you’ve
