| The demise of Enron, WorldCom and Arthur
Anderson resulted in wide public awareness of corporate
governance and the need to subject businesses in which people
are stakeholders to tight regulatory controls. As a result,
companies are now besieged with a slew of government
regulations, auditing requirements and significant policy
mandates. To compound matters, the alarming growth of
cyber-crime and data theft has resulted in significant
security provisions being included with each of the new
regulations.
This shift in policy has wide-reaching repercussions to the
global 1000 companies and government entities worldwide. The
consensus is that information security controls must be
established to support operational controls and security
policies must be established to ensure privacy and establish
confidence in data security. Systems accessing sensitive
customer data must be secured, and access to this controlled
information is closely monitored, audit trail must exist and a
program of process improvement must be demonstrated.
No longer may regulations be approached one-at-a-time basis
due to time and resource constraints.
Instead, a systematic and holistic approach must be
undertaken to address the multiple regulations typically
impacting large institutions.
Depending on factors like geographical location, line of
business, public ownership and participation in capital
markets, companies need to consider regulatory requirements
and develop a framework to demonstrate compliance.
MIEL’s Consulting practice specializes in designing
Compliance Roadmaps for enterprises, and will guide you in
every step of the process to ensure that you not only comply
with requirements, but also use every opportunity to implement
the best practices, using International standards such as
BS799, ISO/IEC17799, COBIT, ITIL, etc.
For more information on how we help businesses achieve
compliance, email us at feelsecure@mielesecurity.com
Visit out Online Discussion Forum on Assurance and
Compliance at: http://mielesecurity.blogsome.com
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