India tackles corporate fraud

The Indian government is banking heavily on technology to prevent the recurrence of Satyam-like corporate frauds, reports The Financial Chronicle.

The government is developing software that will help analyse and detect misconduct or fraud at an early stage. The scrutiny will not be restricted to listed or large companies only, but unlisted and smaller firms would also be under watch.

Sanjoy Sen, senior director at Deloitte in India, says: “The challenge of effectively using organisational data to detect and prevent failures of governance mechanism is only likely to accelerate as the volumes of data generated and collected by the organisation continue to increase. In this scenario, effective technology tools to make any meaningful interpretation and analyses are a must.”

Information risk management company, Aujas, has unveiled a simulation game that focuses on risk management in the business environment, states PR USA.

The game entitled 'Take Charge: A Risk simulation game' simulates a market place where teams play against each other and all through the exercise, their business and risk management abilities are evaluated.

This game aims at sensitising chief security officers (CSOs) about business issues and concerns and the need to balance business and security. The game was first played last month at the third annual CSO Summit in New Delhi.

The economic benefits of cloud computing are driving businesses to consider building private clouds, but analysts caution businesses need to make sure they are prepared before jumping into the cloud, says Computer World.

“Consideration of people, governance, price and technology all need to come into play,” says Alan Boehme, senior vice-president of IT strategy and enterprise architecture for ING Americas.

Forrester Research claims organisations need to climb a virtualisation-maturity curve before they have what they need to take on the challenges of a private cloud.