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Lora Bentley

Governance and Risk

From regulatory compliance to corporate governance structure, everyone is involved

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Lora Bentley

November 2009

November 30, 2009

Brewer Investment Group Taps Industry Veterans for Compliance Posts

Given the increased regulation coming for the financial services industry , it's not surprising that brokerage firms, banking institutions and others are choosing to hire managers whose sole focus i... More >

Apple Moves to Dismiss Psystar Case in Florida

Apple wants to be completely rid of Psystar -- and rightly so, in my opinion.   Hot on the heels of a summary judgment in its favor on copyright-infringement claims made against the Mac clone ... More >

Unlawful Internet Gambling Enforcement Compliance Delayed

The Federal Reserve and the U.S. Treasury Department have delayed compliance deadlines that would have required financial institutions to implement policiesĀ  "reasonably designed" to prevent payments... More >

November 27, 2009

GAO Finds Material Weakness in SEC's Internal Controls

How's this for irony? Compliance Week reports that the Securities and Exchange Commission's own internal controls are deficient . According to a report filed with Congress earlier this month by th... More >

November 25, 2009

Add Cyber Monday Plan to Your Risk Management Strategy

With Thanksgiving upon us, it means Cyber Monday is a few days away. You know, it's that day those people who were smart enough not to get up at oh dark thirty on Black Friday surf the Web to look ... More >

Apple Asks Court to 'Permanently Enjoin' Psystar

PC Magazine reports Apple has asked the court to permanently enjoin Mac clone maker Psystar from infringing its copyrights on the OS X operating system. Writer Chloe Albanesius quotes court filing... More >

Department of Justice, Other Agencies Focus on Fighting Fraud

As Bernard Madoff serves his time for the Madoff, SEC Reach Partial Settlement and one colleague after another is brought up on charges or investigated in connection with the scandal, it's not surp... More >

November 24, 2009

Another Facebook Cautionary Tale

As the holiday season approaches, with its time off and gatherings with friends and relatives we may only see once a year, I thought it appropriate to issue another " be careful what you post on Face... More >

EU Adopts Telecom Reform

Earlier this month members of the European Union reached an agreement regarding reform of telecommunications laws. EU Commissioner for Information Society and Media Viviane Reding said: The reform ... More >

November 23, 2009

Motorola, RIM Sued for Using Visual Voice Mail without License

The Washington Post reported Monday that Klausner Technologies has filed patent infringement suits against Motorola and Research In Motion in a Texas federal court. The patent holding company clai... More >

HITECH 'Meaningful Use' More About Improving Patient Care Than Tech Itself

Dr. David Blumenthal, the national health IT coordinator, is responsible for doling out government grants to reimburse health care organizations that implement electronic records technology. Accordin... More >

'Open Government' Faces Obstacles, Deputy CTO Says

Since the early days of his campaign , when President Obama was keeping supporters informed via text messages, e-mail, and Web page, there was never a question that he would be one of the most tech ... More >

November 20, 2009

What's Wrong with Selling Facebook Fans?

Facebook is threatening to unleash its legal team on social media marketer USocial unless it stops selling fans to those who maintain Facebook pages, according to BBC News . In a cease-and-desist ... More >

House Subcommittee Weighs Data-Collection Trend Against Consumer Privacy

On Thursday, the U.S. House Subcommittee on Commerce, Trade and Consumer Protection heardĀ  testimony from business representatives and consumer privacy advocates who met to "explore the collection ... More >

E-mail Policies Should Be Well-Defined and Well-Communicated

We've stressed the importance of e-mail use policies for years here at IT Business Edge, but I renewed my efforts when I read about the case of Vicki Walker, who was fired from her job with New Zea... More >

November 19, 2009

New York City Council Urges FCC, Congress to Adopt Net Neutrality Standards

On the heels of Tuesday's net neutrality debate during the Web 2.0 Expo in New York City, the New York City Council is also poised to discuss the Federal Communications Commission's six principles ... More >

Learning the Many Facets of Compliance

Wednesday, Lumigent Technologies CEO John Capobianco wrote a guest opinion piece for IT Business Edge about his company's compliance IQ quiz . The 25-question, multiple-choice quiz is designed to ... More >

Key Stakeholders Debate Necessity of Net Neutrality Law

If you missed the live webcast of Tuesday's net neutrality debate at InterActive Corp. as part of the Web 2.0 Expo, you can watch the archived version at Blip.tv .   Organized and moderated b... More >

November 18, 2009

Future of Privacy Forum Discusses Smart Privacy for the Smart Grid

When I talked to Future of Privacy Forum co-founder Christopher Wolf a month ago, we spoke mostly about the partnership his Washington, D.C.-based think tank has forged with George Washington Unive... More >

Spear Phishing Attacks Target Law Firms, Public Relations Organizations

The wealth of sensitive information that law firms and public relations firms have about their large corporate clients, many of which do business overseas, is attractive to hackers, according to an ... More >

November 17, 2009

Competitive Oxford-Style Debate on Net Neutrality

Thought leaders on both sides of the net neutrality issue will participate in an Oxford-style, competitive debate Tuesday night in New York, according to Tech-Debate.com .   Those arguing aga... More >

Social Media and Risk: Much More than Marketing for Businesses

Social media is everywhere these days, and like Gartner execs said at a symposium earlier this year , businesses that embrace it will be better for it. Marketing pros love it for getting the word ou... More >

November 16, 2009

Intel's New General Counsel Has Just What Chipmaker Needs

Within days of the announcement that the State of New York has filed antitrust charges against Intel, and on the same day that the chipmaker announced an antitrust settlement with rival Advanced M... More >

Facebook Status as Alibi?

I should have expected Friday the 13th to bring on some odd stories. Most of the time I'm able to ignore the sensationalized headlines in the entertainment or crime sections. But when CNN.com offer... More >

Psystar Loses Gamble Against Apple

The U.S. District Court for the Northern District of California awarded Apple summary judgment on its copyright infringement claims against Mac clone maker Psystar on Friday, ruling that the Florid... More >

November 13, 2009

FDA Considers Regulating Medical Product Information Presented in Social Media

Let's see, the Federal Communications Commission will soon regulate how broadband and Internet service providers manage the content that comes in and out of their networks. The Federal Trade Commis... More >

November 12, 2009

Should the Entire Legal System Be Web-Based?

Last week, I spoke to RocketLawyer CEO Charles Moore about his business and how small-business owners and consumers alike could benefit from Web-based legal services. They save money when they can ... More >

Bilski v. Kappos: Both Sides Have Strengths, Weaknesses

When the U.S. Supreme Court heard arguments in the case of Bilski v. Kappos earlier this week, many tech companies sent their representatives, and patent lawyers also sat in. They wanted to find ou... More >

November 11, 2009

Facebook Pages Hijacked to Increase Security Awareness

I've lost count of how many times I have written or read about social media and security or privacy issues . Yet similar discussions are still popping up everywhere. Whether users don't really think... More >

November 10, 2009

EU Formally Objects to Oracle-Sun Acquisition

We knew as early as September that the European Union was concerned about the effect Oracle's acquisition of Sun Microsystems would have on the database market there. But Monday, the EU issued a fo... More >

Business Method Patents Scrutinized

Monday, the U.S. Supreme Court heard arguments in the case of Bilski v. Kappos, which observers have described as "the most high-stakes patent case" on its docket in two decades, at least. Stakes a... More >

November 9, 2009

Should SEC Cede Standards Board Oversight to New Regulator?

Investor advocates are a little fidgety given the goings-on with the House Financial Services Committee recently.   For example, the full committee passed legislation that would exempt public co... More >

Risk Management Should be Part of Strategic Planning, Performance Management

Risk management is much more than tweaking financial controls and increasing transparency, according to a report from Accenture. And companies around the world should do more than just give it lip se... More >

SEC Staffs New Risk, Strategy Division

Along with hiring a chief operating officer for its enforcement division and establishing a new division for risk, strategy and financial innovation, the Securities and Exchange Commission is als... More >

Supreme Court Considers Software Patents

The U.S. Supreme Court is set to hear oral arguments beginning Monday in a patent dispute that will determine what types of "business methods" should qualify for patent protection. Since companies ha... More >

November 6, 2009

EU Agrees to Telecom Reform

As politicians and other stakeholders in the U.S. debate the pros and cons of net neutrality rules requiring transparency in network management and prohibiting discrimination among content types, t... More >

November 5, 2009

Electronic Medical Records Backup Doesn't Have to be Paper

Wednesday at CTO Edge , Wayne Rash wrote about a recent experience he had trying to get a prescription from his doctor's office. He couldn't get anyone on the phone, and when he drove there, he fo... More >

A Step Closer to Sarbox 404 Exemption for SMBs

Legislation exempting smaller public companies from Sarbanes-Oxley 404 compliance requirements passed the House Financial Services Committee roll-call vote on Wednesday, according to The Wall Stre... More >

November 4, 2009

Proposed Legislation Would Exempt SMBs from Sarbox 404(b)

Late last week I wrote about the House Financial Services Committee's voice vote passing an amendment that would require the Securities and Exchange Commission and the Government Accounting Office to... More >

November 3, 2009

FTC Extends Red Flag Rule Compliance Deadline...Again

The Federal Trade Commission's Red Flag Rules , which are set out in the Fair and Accurate Credit Transactions Act, require financial institutions to develop plans for identifying "red flag" transac... More >

Net Neutrality Resolution Will Require 'Negotiations, Compromises and Proposals'

With all the writing we've been doing about the Federal Communications Commission , net neutrality and the whole idea of regulating the Internet , you'd think I'd understand the arguments on eith... More >

November 2, 2009

Where Is the Cyber Czar?

The federal government opened the National Cybersecurity and Communications Integration Center this week. The $9 million facility will house the National Computer Emergency Readiness Team and the N... More >

FCC Authority to Regulate Internet at Issue in Comcast Case

The Federal Communications Commission's authority to regulate the Internet has been in question lately, and not just because of the newly published net neutrality rules . Comcast is suing the FCC, a... More >