Compliance Management

Time sure does fly. On July 30, 2007, the Sarbanes-Oxley (SOX) Act turned five years old! And while the jury may still be out on the degree that SOX is benefiting the average investor, there's no question that if you're reading this, it's changed your life.

A Congressional committee has slammed the Transportation Security Administration (TSA) for giving a no-bid contract to a website developer that failed to implement cybersecurity procedures to protect the personal information of travelers.

A former Cox Communications employee has been sentenced to five months in federal prison for remotely shutting down portions of the company's system -- including 911 emergency services -- after being asked to resign his position.

Government auditors this week slammed the Internal Revenue Service's (IRS) cybersecurity infrastructure, saying the agency's lax response to previous recommendations has left taxpayer data at "increased risk of unauthorized disclosure, modification or destruction."

Symantec has reorganized a key part of its operations, moving away from a business unit-based model, and elevated Enrique Salem, formerly group president, worldwide sales and marketing, to chief operating officer.

Six companies have settled claims with the Business Software Alliance (BSA), an anti-piracy public policy group, for nearly $700,000 in damages resulting from the use of unlicensed software.

Discount retail website Geeks.com has notified affected customers that a hacker may have accessed their credit card numbers and other personal information in a December incident. The website features the "hacker safe" notification from McAfee ScanAlert.

FAA has notified Boeing that it must make sure the new 787's flight control system can't be hacked by passengers surfing the web, but it did not mandate a manual override of in-flight internet access as requested by the pilots' association.