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Inside Internal Controls

News and discussion on implementing risk management

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technology

Survival of the fittest: How can technology help small businesses thrive?

Canada’s failure rate for small and medium sized businesses is staggeringly high. Around one half of small and medium sized businesses survive past five years, while 15% don’t last a year. Today’s smaller businesses face a daunting task. The complexities of today’s market have created new risks, and myriad laws and regulations that can overwhelm just about any sized business.

 

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Internal technology transfer gone wrong: Composite Technologies Inc. v. Shawcor Ltd., 2017 ABCA 160

Intellectual property is transferrable. And you should be careful with how you transfer your IP among your corporate family, especially if it constitutes the principal value in your business – and in your life’s work!

 

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Real answers to common questions on cybersecurity

Every day there is something in the news about organizations generally of all different sizes that have been breached and have had to deal with the impact of the loss, compromise or destruction of data. Making key decision-makers aware of the general threat landscape is helpful, but more helpful is making them aware of the threat landscape specific to your organization.

 

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CCOs say policies are getting stronger; adoption of technology – not so much

KPMG recently published its latest survey of chief compliance officers. The report highlights the increasing value of effective Compliance. It also reveals growing pains of our industry, specifically in maximizing efficiencies.

 

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Hackable Barbies, malicious POODLEs: PIPEDA compliance and the Internet of Things

She stands just under a foot tall, has a résumé that includes such storied accomplishments as astronaut, registered nurse, and Presidential candidate. Whether cropped or worn shoulder-length, her iconic blonde hair has been inspiring popular culture since well before Madonna. She’s owned more dream homes than most real estate magnates, and earlier last month Barbie tried out a brand new accessory that has been turning heads ever since—an AzureWave AW-CU300E 802.11 b/g/n WiFi Microcontroller Module.

 

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Primacy of purpose is the most important factor in the effectiveness of a corporate website

When it comes to websites focus on the objective you want to achieve, achieve the hell out of it, and punt on all the rest. Once you lock in on what you want your website to achieve it will become a vastly more important resource to your business.

 

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Dear Mr. / Mrs. Doe – Please pay up!

What do you do if an anonymous blogger has defamed you online? The first thing you do is…

 

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Take testing activities up a level

In a 2009 blog post, Dr. James Whittaker suggested all managers out there need to ask themselves what they’ve done lately to make their testers (e.g., software engineers, system analysts and anyone else who may be involved in testing activities) more creative.

 

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Some legal pitfalls of security breaches to your company’s electronic data

The recent loss of a Canadian government hard drive containing personal information of receivers of student loans and the ensuing class action lawsuit are a stark reminder of how easy it is to be exposed to the pitfalls of data security breaches.

 

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Privacy practices for developing mobile applications (apps)

mobile-apps

Privacy practices, and all things mobile, are both hot topics these days. This is in part because mobile devices and apps are fun, cool, provide value, and are on the rise. They are used by professionals of all types, and people of most any age, including our youth. This however feeds the assumption that technology in general, including mobile devices and apps, is threatening the privacy rights of individuals.

 

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COBIT evolves as technology does

CobiT 5 was released in 2012. It takes a higher-level governance approach, focusing on stakeholders and their needs. It incorporates the internal control focus of earlier versions of CobiT but goes beyond them.

 

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How well is your IT department positioned for the future?

Ideally your IT processes are effective and efficient, and the department itself is viewed favourably by its customers, employees, and management. If at all possible, your IT department is positioned well enough to meet future needs and you have a good grasp on what you are doing to develop opportunities to answer present and future challenges.

 

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Information security guidance

According to Deloitte, IT now plays many fundamental and highly beneficial roles in businesses, including:

 

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Personal information online: new tools, old responsibilities

Sometimes, technology creates new ways to exploit information faster than the law and business can keep up. The Office of the Privacy Commissioner of Canada is trying to make sure that doesn’t happen in the case of behavioural advertising. Last year, the Privacy Commissioner conducted consultations on the new ways that organizations are collecting and using customers’ personal information, and prepared its Report on the 2010 Office of the Privacy Commissioner of Canada’s Consultations on Online Tracking, Profiling and Targeting, and Cloud Computing.

 

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Social media make it easy to create controversy, but smart practices can limit the risk

Technology usually helps us function by making daily tasks easier, safer, more efficient, and so on. But sometimes a technology comes along that doesn’t simply improve the way we do something, it actually creates a new type of behaviour. I think this is the case with online social networking, which allows individuals to broadcast to mass audiences in a way that wasn’t available in the past. The question remains, however, as to whether this activity makes life any easier! Some have certainly found it just causes them trouble.

 

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