Whistleblowers

Published on 13 October 2010 by in Risk Management

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Many industries are reporting increasing numbers of whistle blowing incidents. The medical industry in particular faces increased risk of whistle blowing due to the extent of medical fraud and the facts that medical abuse victims are often targeted when they are particularly vulnerable and that medical fraud may result in serious harm and loss of life. Businesses and professionals within the medical industry must understand the laws governing medical fraud and abuse and the protections available to whistleblowers. In particular, the federal False Claims Act protections for whistleblowers are particularly strong and those wishing to expose fraudulent activity may do so under the umbrella of these extra protections.

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Outsourced Liability

Published on 06 October 2010 by in Risk Management

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Unfortunately, many businesses fail to properly understand and plan for the risks associated with outsourcing. Federal and state laws governing financial accountability and the handling of privacy data do not, in general, allow the outsourcing of liability. As a result, businesses may find that controls have been outsourced, but not liability for the failure of controls.

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Identity Theft Regulation

Published on 29 September 2010 by in Risk Management

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The federal government has enacted several laws aimed at improving protections related to identity theft. Many states have also taken legislative action regarding identity theft protections. Businesses are faced with the challenges of understanding and following federal and state laws in order to ensure customer and employee information is protected.

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The Effect of Finance on Security

Published on 22 September 2010 by in Risk Management

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Finance plays a crucial role in the development and operation of an effective and efficient information security (IS) program. On one hand, the role of finance in security relates to expenditures and business priorities.

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Employee Monitoring

Published on 04 September 2010 by in Risk Management

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Many companies have begun extending employee monitoring to include off-hours or off duty activities. Mujtaba, Griffin, and Oskal (2004) attribute reduction in employee privacy rights, including employer monitoring off-hours, to recent terrorist attacks such as the Columbine shootings and the events of 9/11 (p. 35). Companies pursuing a risk management strategy that includes off duty monitoring of employees must proceed cautiously to avoid legal action from employees for privacy violations.

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Both identity theft and medical identity theft have significant negative impacts for the victims. Since the victim’s identity has been stolen, the process of establishing that the victim did not actually complete the financial transactions is lengthy and difficult.

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Managing Legacy Systems

Published on 18 April 2010 by in Risk Management

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Discussions about information technology (IT) and business are often focused on new and emerging capabilities that will be developed and delivered. However, in practice, information technologies have a lifecycle. Many times, an information system’s role in business operations may extend the lifecycle. These systems are often described as ‘legacy.’

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