...Security regulation compliance is intended to help institutions comply with the interagency guidelines that establish information security standards. By compliance, an organization summarizes its obligations to protect customer information and illustrate how certain provisions of the security guidelines apply to its particular situations. Some organizations still receive little management support or funding for a sound information security policy program. Over the last few years several Federal, State, and international guidelines have been approved about the security of information. Numerous establishments are now enhancing their information security procedures in reply to legal and regulatory necessities. In particular cases, these guidelines are very precise about the requirements for transcribed security and privacy policies. In other instances a law merely necessitates precautions that are suitable for the size and type of organizations (Gross, 1964). In these cases, enforcement agencies and auditors must accede to admit best practices for control all of which entail written policies. Illustrations of these are the Accepted Information Security Principles (GAISP), Control for Information Technology (COBIT) and ISO/IEC 17799. At the heart of the regulation is the intent of guarding the privacy, integrity and availability of information that influences corporate stakeholders. These laws can be narrowed down to their essential goals that include the establishment and implementation...
Words: 2408 - Pages: 10
...Information security compliance starts at the top; the Chief Executive Officer is ultimately responsible. The Chief Information Officer (CIO) is charged with the information technology business governance and policy creation of an organization. A new position was created to assist the Chief Information Officer (CIO) to combat the security needs of the enterprise, Chief Information Security Officer (CISO) or Chief Security Officer (CSO) or both depending on the organization's structure. For publicly traded companies, the primary stakeholders are the stockholders. Decision and management style directly affect how the world perceives the worth of an enterprise’s management in today’s global market. Companies today have a footprint that would...
Words: 1358 - Pages: 6
...Term Paper: Security Regulation Compliance Giancarlos Guerra Strayer University CIS 438 - Information Security Legal Issues Abstract: In this paper I shall provide an overview that will be delivered to senior management of regulatory requirements the agency needs to be aware of, including: i. FISMA; ii. Sarbanes-Oxley Act; iii. Gramm-Leach-Bliley Act; iv. PCI DSS; v. HIPAA; vi. Intellectual Property Law. Describe the security methods and controls that need to be implemented in order to ensure compliance with these standards and regulatory requirements. Describe the guidance provided by the Department of Health and Human Services, the National Institute of Standards and Technology (NIST), and other agencies for ensuring compliance with these standards and regulatory requirements. Term Paper: Security Regulation Compliance Introduction In the day-to-day operations of information security, security professionals often focus the majority of their time dealing with employee access issues, implementing security methods and measures, and other day-to-day tasks. They often neglect legal issues that affect information security. As a result, organizations often violate security-related regulations and often have to pay heavy fines for their non-compliance.” A Chief Information Officer in a government agency should realize the need to educate for senior leadership on some of the primary regulatory requirements, and realize the need to ensure that the employees in the agency...
Words: 2284 - Pages: 10
...EXAMINE REAL-WORLD APPLICATIONS OF SECURITY STANDARDS AND COMPLIANCE Children’s Internet Protection Act (CIPA) is a bill that the United States Congress proposed to limit children's exposure to pornography and explicit content online. Once the bill was passed the Congress required schools and libraries to E-Rate discounts on Internet access and internal connections to purchase and use a technology protection measure on every computer connected to the Internet. These conditions also applied to a small subset of grants authorized through the Library Services and Technology Act (LSTA). In order for the schools and libraries that use the E-Rate discount is to have an internet safety policy that will include technology protection measure for each computer with Internet access. They must be able to block or filter to pictures that are obscene, child pornography, and/or harmful to minors. This only applies when access my minors. Adults can disable the technology protection measure while using the computers. Schools or libraries that don’t use the technology protection measure on received discount for telecommunication. If the schools or libraries use the technology protection measure must hold at least one public hearing to address the internet safety policy. Below you will find the items that need to be address during the hearing: • Access by minors to inappropriate matter on the Internet; • The safety and security of minors when using electronic mail, chat rooms and other forms...
Words: 372 - Pages: 2
...Ethics and Compliance David Livingston, Raul Lopez, Robert Morrison, Tyler Norwood FIN/370 Finance for Business University of Phoenix May 7, 2011 Joe Brennan Ethics and Compliance Even though there are federal rules and regulations governing work place behavior, what if there were no boundaries for ethics and compliance, would Amazon continue to follow the same procedures set by the federal laws to ensure ethical behavior within the work place. How does Amazon differ from other organizations when it comes to ethical behavior? One way is because Amazon adheres to a strict conflict of interest policy regarding customers, employees, and Amazon follows strict policies on record keeping and financial integrity. Team C will depict Amazon’s policy and procedures for ethical and SEC compliance, explain the function of monetary markets in the United States, and assess Amazon’s monetary performance for the previous two years by means of financial ratios. Team C will explain Amazon’s financial health in reference to the debt, return of equity, and daily receivable ratios. As part of their code of business conduct and ethics policies, Amazon established basic guiding principles to help steer their employees to do what is ethically and morally right to reassure their investors that they are doing what is right for the investors and the public. Of course Amazon must be in compliance with the governing (a) laws, (b) rules and (c) regulations set forth by local and federal governments...
Words: 1037 - Pages: 5
...A. Compliance Status The following executive summary focuses not only on the identified gaps in the current process, but also the corrective action plan to support compliance in the noted areas of the Communications Standards as provided by The Joint Commission, (National Patient Safety Goals, 2013). The high risk associated with surgical procedures performed on the wrong site has driven a risk mitigating approach to the processes involved for these procedures. The goal is to prevent harm to patients having a surgical procedure. The following summary is the current compliance status if the Priority Focus Area of Communication for Nightingale Community Hospital. After review of the specific areas identified in the Priority Focus Area, the following have been identified as requiring further attention: time-outs are routinely performed prior to every procedure (UP 01.03.01) and procedure site is marked (UP 01.02.01). Based on the evaluation of the Nightingale Community Hospital National Patient Safety Goals for Communications the current compliance rate related to the Universal Protocol Time-Out processes performed hospital wide indicate a 95% to 100% compliance rate for the year. The graph provided in the Nightingale Community Hospital National Patient Safety Goals Communication assessment provides limited information as these are hospital wide percentages. No unit specific evaluations of performance have been provided in the report. Upon review of the Site Identification and...
Words: 2795 - Pages: 12
...Effectiveness of Compliance Programs Pradeep Parakh, Mumbai, India Why to have a Compliance Plan • Heightened scrutiny by regulators • Avoid problems before they occur • Improved effectiveness of organization The Importance of Compliance • Compliance provides stability in revenue • Compliance uncovers inadvertent errors which can be corrected before they create huge problems for the entity • Compliance allows continued service to consumers because paybacks and penalties can impact the delivery of future services • Compliance leads to a better relationship with regulators and those who have dealings with the entity Compliance Programs Must Have Substance • As evident by recent legislation, the focus of regulators is shifting from a focus on the presence of a compliance program to evidence that demonstrates the effectiveness of the compliance program • Regulators asks question such as – “Can you prove that your compliance program works?” Elements of Effective Compliance Plan • Written policies and procedures • Compliance Officer • Training and education . . . including . . .governing body members • Communication lines to the Compliance Officer • Disciplinary policies • Internal audits and, as appropriate, external audits • Response and investigation Types of Compliance Programs People Measure • • • • • • • • Security compliance Regulatory compliance Listing compliance Environmental compliance Safety compliance Quality control compliance Privacy compliance Tax compliance Counts...
Words: 499 - Pages: 2
...Evaluation Of A Business Code Of Ethics YourFirstName YourLastName University title Introduction A chief executive officer cannot simply make the decision that is best for her without considering the interests of other employees, stockholders, customers, suppliers, creditors, and so forth. Integrity is the cornerstone of ethical business practices. Failure to build a business on integrity carries costs. For example, deceptive business practices may harm a company's standing in the community, decrease employee productivity, reduce customer loyalty, build resentment among employees, increase the likelihood of further unethical behavior by employees, and cause scrutiny by government agencies. Although the costs of some of these consequences are difficult to quantify, there is no doubt that they can be substantial. Evaluate chosen strategy King and Spalding is a legal firm that was founded in 1885, Atlanta. It has a total of 800 lawyers across the U.S, Europe, Asia and Middle East. Ethics Programs Companies frequently create ethics programs to establish and help maintain an ethical business environment. Some of the most common elements of ethics pro-grams at King & Spalding include written codes of ethics, employee hotlines and ethics call centers, ethics training, processes to register anonymous complaints about wrongdoing, and ethics offices. Ethics programs may include any combination of these elements. However, according to a recent survey, an ethics program...
Words: 1270 - Pages: 6
...CODE OF ETHICS Compliance is the responsibility of all the Company’s directors, officers, managers, and employees.(Capital One,2011). One is responsible for learning the details of the policies, procedures, laws and regulations applicable to one's job and for seeking guidance when needed. It is important to avoid misconduct that violates the law, this Code, or Company policies, but also the appearance of impropriety. The point, which a subject is not explicitly explained in this Code, does not relieve an employee of their responsibility to maintain the highest ethical standards under all circumstances. If one has any concern about whether their actions or inactions could violate a law, it should be discussed with their manager. While no Code of Ethics can or should replace thoughtful behavior or common sense, it can help cultivate a culture that values and rewards honesty, integrity, and accountability. (Avon, n.d.). The principles detailed in the Code will guide in “doing the right thing” and in preserving the Company’s reputation for acting with integrity at all times. TRADE REGULATION Most states have enacted trade regulation laws to ensure fair competition. These laws prohibit price-fixing and other "anti-competitive agreements, deceptive acts, and unfair competitive methods." (Pension Consulting, n.d.). Some forms of joint activities are legally permissible, but others are not. Under no circumstances, should you illegally or improperly...
Words: 2229 - Pages: 9
...Competency 3006.1.5: Legal and Regulatory Requirements Overview Dodd-Frank Wall Street Reform and Consumer Protection Act Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (passed in the wake of the 2008–2009 financial crisis), the Securities and Exchange Commission (SEC) will pay 10 to 30% of the amount the government recovers from financial fraud if the whistleblower provides original information leading to a recovery of more than a million dollars. False Claims Act * Recent legislation has made it easier and potentially more lucrative for employees to blow the whistle to regulators when companies are government contractors or when the federal government has somehow been defrauded. * Whistleblowers who report corporate wrongdoing against the government to prosecutors can be awarded 15 to 30% of whatever damages the federal government recovers, which are to be three times the damages the government has sustained. * Since the government has recovered billions of dollars since the law’s inception, this has become a powerful incentive for some employees to tell all to prosecutors. Sarbanes-Oxley Act (SOX) * Passed in 2002, this act provides whistleblowers in publicly traded companies with revolutionary new protections if they “make a disclosure to a supervisor, law-enforcement agency, or congressional investigator that could have a ‘material impact’ on the value of a company’s shares.” * Under the law, board committees must set up...
Words: 641 - Pages: 3
...commitment to action, the following principles will guide our actions and dictate our management practices. We recognize these principles as the standards we all share and that we should mutually accept. Section A: Standards and Procedures 1. Conflicts of Interest All employees must make appropriate business judgments and actions based upon the best interests here at Company X. All employees must abstain from using personal circumstances such as investments, association, and relationships that conflict or appear to conflict with the interests within the company. It is mandatory that each employee perform duties with great integrity, and not involve any activities that could devastate our reputation. 2. Health, Safety, and Security We are dedicated to manage the highest guidelines for our customers and all employees who conduct business within each of our establishments. This can be supported by being aware of the rules and laws for healthy and safety regulations that apply for the company, which will be posted and updated when necessary. It is the employee’s obligation to immediately report all accidents, injuries or unsafe procedures or conditions to your manager. 3. Gifts, Kickbacks and Loans Employees must be cautious that their behavior cannot reasonably be translated as a loan, bribe or other inappropriate inducement to attain a business action or inappropriately impact the recipient. 4. Confidentiality An employee must maintain all confidential...
Words: 1169 - Pages: 5
...encourages greater ethical accountability for companies to demonstrate they are abiding by the law and have established programs to improve their ethical decision making. The U.S. Sentencing Commission (the “Commission) has amended the Federal Sentencing Guidelines for Organizations (“FSGO”) whereby an effective compliance and ethics program must “exercise due diligence to prevent, detect, and report criminal conduct and otherwise promote an organizational culture that encourages ethical conduct and a commitment to compliance with all applicable law." The Commission noted there are seven minimum requirements of an effective ethics program, standards and procedures to prevent and detect criminal conduct; Responsibility at all levels of the program, together with adequate program resources and authority for its managers; Due diligence in hiring and assigning personnel to positions with substantial authority; Communicating standards and procedures, including a specific requirement for training at all levels; Monitoring, auditing, and non-retaliatory internal guidance/reporting systems, including periodic evaluation of program effectiveness; Promotion and enforcement of compliance and ethical conduct; and taking reasonable steps to respond appropriately and prevent further misconduct upon detecting a violation. Better business bureau torch award audit process The Better...
Words: 691 - Pages: 3
...Compliance Interview and Report Assignment BA 3301 Legal Environment of Business Associate Professor Lee Usnick, JD I. ASSIGNMENT OVERVIEW Virtually all business activities conducted in the United States are highly regulated, not only by governmental entities, but by professional entities as well. Compliance with all federal, state, and local laws and regulations is a prerequisite to the long term health and survival of a business. Also important is compliance with standards issued by the professional and accrediting bodies responsible for licensing and certification. Certain industries are more regulated than others. For example, health care, financial services, and public utilities are all highly regulated with extensive licensing and operational standards. When a business fails to comply with all applicable regulations and standards, the business and the individuals who manage it can face a variety of sanctions, from loss of license and program certification, to civil and criminal sanctions including monetary penalties and prison. In this assignment, you will learn how a person working in your selected industry meets the challenges of current compliance requirements. It is not necessary to address all aspects of compliance in this industry or selected company. Rather, you should educate yourself in broad terms about the kinds of governmental and industry standards covering your interviewee's business, then select a few key aspects to explore in depth with your...
Words: 4325 - Pages: 18
...& Compliance Officer In Accenture’s ethics and compliance program, the company uses six “core values” of stewardship, best people, client value creation, one global network, respect for the individual and integrity. Douglas Scrivner, General Counsel at Accenture, says that ethics and compliance can’t be effective if they’re only seen as “bolt-ons,” or something that is only done at the end of the day after the “regular work” is complete. “We aim to put ethics and compliance into the way our people work and lead. We seek to leverage existing processes, procedures, structures and functions to ensure the outcomes we are expecting and alignment with the goals of the organization,” says Scrivner. To better understand how the company’s ethics and compliance program is being received by employees, Accenture uses employee surveys, risk assessments and results of corporate investigations. Scrivner notes that in a recent survey, over 90 percent of employees feel that Accenture is highly ethical and that the company’s commitment to integrity has been communicated to the whole company. “Those are excellent scores for a company of more than 181,000 people,” Scrivner says. “We haven’t arrived at the end of our journey (and never will), but I am confident that we continue to move in the right direction and continually reinforce our commitment and our expectations in this area.” Caterpillar Ed Scott, Chief Ethics & Compliance Officer Ed Scott, Chief Ethics and Compliance Officer...
Words: 1458 - Pages: 6
...BA 3301 Legal Environment of Business Compliance Interview and Report Assignment Associate Professor Lee Usnick, JD I. ASSIGNMENT OVERVIEW Virtually all business activities conducted in the United States are highly regulated, not only by governmental entities, but by professional entities as well. Compliance with all federal, state, and local laws and regulations is a prerequisite to the long term health and survival of a business. Equally important is a business's compliance with standards issued by the professional and accrediting bodies responsible for licensing and certification. Certain industries are more regulated than others. For example, health care, financial services, and public utilities are all highly regulated with extensive licensing and operational standards. When a business fails to comply with all applicable regulations and standards, the business and the individuals who manage it can face a variety of sanctions, from loss of license and program certification, to civil and criminal sanctions that include monetary penalties and prison. In this assignment, you will learn how someone in your selected industry meets the challenges of current compliance requirements. It is not necessary to address all aspects of compliance in this industry or selected company. Rather, you should educate yourself in broad terms about the kinds of governmental and industry standards covering your interviewee's business, then select a few key aspects to explore in depth with...
Words: 3552 - Pages: 15
