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	<title>Savid Insight &#187; General</title>
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	<link>http://www.savidtech.com/blog</link>
	<description>Savid Technologies thoughts on technology, IT, information security, and business</description>
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		<title>How To Stay Safe While Shopping Online</title>
		<link>http://www.savidtech.com/blog/general/how-to-stay-safe-while-shopping-online/</link>
		<comments>http://www.savidtech.com/blog/general/how-to-stay-safe-while-shopping-online/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 22:11:52 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[bbb]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit card data]]></category>
		<category><![CDATA[ebay]]></category>
		<category><![CDATA[Electronic commerce]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[paypal]]></category>
		<category><![CDATA[TRUSTe]]></category>

		<guid isPermaLink="false">http://www.savidtech.com/blog/?p=755</guid>
		<description><![CDATA[As we all know, online shopping is nothing new but as its popularity continues to grow so does the malicious threats that can occur during your shopping experience.  That is why we want to provide you with some reminders and tips on how to make you’re online shopping a safer experience.  We also encourage you [...]]]></description>
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<p><a href="http://www.savidtech.com/blog/wp-content/uploads/2012/01/online_shopping.jpg"><img class="alignleft size-thumbnail wp-image-756" title="Stay Secure When Shopping Online" src="http://www.savidtech.com/blog/wp-content/uploads/2012/01/online_shopping-150x150.jpg" alt="Stay Secure When Shopping Online" width="150" height="150" /></a>As we all know, <a href="http://www.savidtech.com/blog/tag/online-shopping/" class="st_tag internal_tag" rel="tag" title="Posts tagged with online shopping">online shopping</a> is nothing new but as its popularity continues to grow so does the malicious threats that can occur during your shopping experience.  That is why we want to provide you with some reminders and tips on how to make you’re <a href="http://www.savidtech.com/blog/tag/online-shopping/" class="st_tag internal_tag" rel="tag" title="Posts tagged with online shopping">online shopping</a> a safer experience.  We also encourage you to share these tips with your family who may make online purchases too.</p>
<p>There are a few simple precautions you can take to further secure yourself before you make your online purchases.  First make sure you have a web filter in place that will warn you of suspicious websites. Keep your web browsers up to date too. Often times the site you are shopping on is legitimate but if your computer is infected with keyloggers and other malicious viruses you can run the risk of your <a href="http://www.savidtech.com/blog/tag/credit-card/" class="st_tag internal_tag" rel="tag" title="Posts tagged with credit card">credit card</a> data being stolen.</p>
<p><a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">It</a> is always best to shop at familiar websites but if you are looking at products or services from an unfamiliar sight do a little research before you begin; find out what other consumers have to say about the store or seller.  Epinions.com and BizRate.com give customer evaluations that may help you determine the legitimacy of the company.  <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">It</a> is also a good idea to review the website for the <a href="http://www.savidtech.com/blog/tag/bbb/" class="st_tag internal_tag" rel="tag" title="Posts tagged with bbb">BBB</a> and or <a href="http://www.savidtech.com/blog/tag/truste/" class="st_tag internal_tag" rel="tag" title="Posts tagged with TRUSTe">TRUSTe</a> approval icons.  Be sure to click those icons to ensure that they take you to those accredited sites and that you can find the companies name within their listings. Often times harmful sights will display the graphic with no link so be aware.</p>
<p>Remember, before entering your personal data and credit card information check the connection of the website out to make sure it is encrypted. The URL will start with (http<strong>“s”</strong>) and also look for the padlock icon in the address bar or right corner of the window.  Be aware of any warnings that your computer gives you regarding the security certificate of the site, when in doubt find somewhere else to shop.</p>
<p>Keep in mind when choosing a payment method it is always best to use <a href="http://www.savidtech.com/blog/tag/paypal/" class="st_tag internal_tag" rel="tag" title="Posts tagged with paypal">PayPal</a> if it is an option, that way your credit card and bank account information will not be shared with the merchants and sellers. <a href="http://www.savidtech.com/blog/tag/paypal/" class="st_tag internal_tag" rel="tag" title="Posts tagged with paypal">PayPal</a> will also protect you against fraudulent charges and if there are problems with your purchases. Once your purchases are made it’s always a good idea to check your bank accounts and credit card statements to ensure the proper amount was charged; if the charges are wrong contact the website where your purchases were made immediately along with calling your  Credit Card Company to inquire about a “charge back”.</p>
<p>We hope that by keeping these tips in mind that you will continue to enjoy shopping online and are more secure in doing so.</p>

	Tags: <a href="http://www.savidtech.com/blog/tag/bbb/" title="bbb" rel="tag">bbb</a>, <a href="http://www.savidtech.com/blog/tag/credit-card/" title="credit card" rel="tag">credit card</a>, <a href="http://www.savidtech.com/blog/tag/credit-card-data/" title="credit card data" rel="tag">credit card data</a>, <a href="http://www.savidtech.com/blog/tag/ebay/" title="ebay" rel="tag">ebay</a>, <a href="http://www.savidtech.com/blog/tag/electronic-commerce/" title="Electronic commerce" rel="tag">Electronic commerce</a>, <a href="http://www.savidtech.com/blog/tag/fraud/" title="fraud" rel="tag">fraud</a>, <a href="http://www.savidtech.com/blog/tag/online-shopping/" title="online shopping" rel="tag">online shopping</a>, <a href="http://www.savidtech.com/blog/tag/paypal/" title="paypal" rel="tag">paypal</a>, <a href="http://www.savidtech.com/blog/tag/truste/" title="TRUSTe" rel="tag">TRUSTe</a><br />
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		<title>The 2011 Holiday Tech Gift Guide!</title>
		<link>http://www.savidtech.com/blog/general/the-2011-holiday-tech-gift-guide/</link>
		<comments>http://www.savidtech.com/blog/general/the-2011-holiday-tech-gift-guide/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 03:37:40 +0000</pubDate>
		<dc:creator>Michael Davis</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.savidtech.com/blog/?p=705</guid>
		<description><![CDATA[Well who better to ask about tech gifts or gadgets than the tech guys themselves? Here at Savid we are always interested in finding the coolest and latest tech gadgets out there. So to help you out this holiday season we have put together our 2011 Holiday tech gift guide to help you with your [...]]]></description>
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<p>Well who better to ask about tech gifts or gadgets than the tech guys themselves? Here at Savid we are always interested in finding the coolest and latest tech gadgets out there. So to help you out this holiday season we have put together our 2011 Holiday tech gift guide to help you with your shopping.</p>
<p>Get ready this will be a quick shopping trip and you will never have to leave your comfy office chair! Our engineers have these items on their shopping list this year and we are sure they will make someone happy on yours.</p>
<ul>
<li>The new <strong>Kindle Fire</strong> at a great price for just $199! There’s much to do, view movies, TV shows, magazines, songs, and books. Thousands of apps rights at your fingertips view <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> all on this full color 7” inch screen multi-touch display. Its ultra fast and you even get free cloud storage for your Amazon content, what a great buy. <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">It</a>’s sure to be on someone Holiday list.</li>
<li><strong>Trent IMP500 iFuel Spare Battery Charger</strong> This little gadget is a must have, tired of your battery always losing charge? Well this device can give you the added life your gadget needs, 38hrs of movie time on your iPhone or iPod Touch. It also works on Motorola Droid, HTC Android EVO phones, Kindle DX, Blackberry, and Samsung Galaxy. Not to mention Sony PSP, Amazon Kindle, <a href="http://www.squidoo.com/10-great-tech-gifts-for-christmas">Nintendo DS</a> lite, DSi and Gameboy with optional adapters. Great price, around $40</li>
<li><strong>The Kinect </strong>Do you want to get someone active this holiday season, well then the Kinect is the right gift for giving. This brings gamming to a new level; no controllers needed it works by your body movement and the sound of your voice.  It’s fun for the whole family and online for $159.</li>
<li><strong>Boxee TV – </strong>This device finds your favorite TV show and movies and puts them on your TV.  But Boxee also allows you to use Apps, and get Social all while setting on your sofa watching TV. There are two ways to get a Boxee buy one or make one. You can purchase a Boxee from the store or make one with their free software using your laptop. Now they even have Boxee for iPad.  Boxee device is pricing around $180.<strong></strong></li>
<li><strong>Altec Lansing M812 Octiv Air Wireless Speaker System</strong> with iPod docking station. This would make a great gift for any music lover. Simply place your iPod in the docking station and kick back and listen as the system delivers 80 watts of powerful high-fidelity sound and better yet, its clutter free, portable, easy to use, and even comes with a remote.  It’s priced around $180 online.</li>
<li><strong>Sony Internet TV Blu-ray Disc Player</strong> This device allows you to play Blu-ray, DVD’s and CDs. You can also connect to the internet and download Android apps as the device has built in Wi-Fi. The player comes with a remote that has a full QWERTY keyboard.  Priced online for $200.<strong></strong></li>
<li><strong>KeyFolio </strong><strong>™ Pro Universal BT Keyboard Case for 10” Tablets </strong>This keyboard was designed for 10” Android based tablets.  The keyboard and viewing angles were designed to be ergonomic.<strong> </strong>The tablet fits securely in the elastic bands and the corners secure your tablet in place. This gift is great for those who prefer to type on an actual keyboard verse touch screen. You can pick the KeyFolio™ up for around $90.</li>
</ul>
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		<title>Webinar and Whitepaper Archive is available!</title>
		<link>http://www.savidtech.com/blog/general/webinars-and-whitepapers-archive-is-available/</link>
		<comments>http://www.savidtech.com/blog/general/webinars-and-whitepapers-archive-is-available/#comments</comments>
		<pubDate>Fri, 01 Apr 2011 02:59:39 +0000</pubDate>
		<dc:creator>Michael Davis</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.savidtech.com/blog/?p=664</guid>
		<description><![CDATA[While I normally post on twitter or our Facebook Fan Page when we have new webinars and whitepapers available for download, we have had requests from clients to post an archive of all of our past content so I spent the last couple of days working with our marketing team to encode, upload, and categorize [...]]]></description>
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<p>While I normally post on <a href="http://www.twitter.com/savidtech">twitter</a><a></a> or our <a href="http://www.facebook.com/pages/Savid-Technologies/150564808292995?v=wall&amp;ref=sgm">Facebook Fan Page</a> when we have new webinars and whitepapers available for download, we have had requests from clients to post an archive of all of our past content so I spent the last couple of days working with our marketing team to encode, upload, and categorize a bunch of the webinars and whitepapers we have been building.</p>
<p>We are only about 25% done but the list already has some great topics such as <a href="http://www.savidtech.com/landing/mobilesecurity_webinar_view.php">Mobile Application Security</a>, <a href="http://www.savidtech.com/landing/virtualsecurity_report_download.php">Virtualization Security</a>, and <a href="http://www.savidtech.com/landing/top_10_risk_assessment_webinar_view.php">Risk Assessment Best Practices</a><a></a> so go and <a href="http://www.savidtech.com/resources">check out the Webinars and Whitepapers</a></p>
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		<title>Lance Spitzner&#8217;s New Blog &#8211; Securing the Human</title>
		<link>http://www.savidtech.com/blog/general/lance-spitzners-new-blog-securing-the-human/</link>
		<comments>http://www.savidtech.com/blog/general/lance-spitzners-new-blog-securing-the-human/#comments</comments>
		<pubDate>Thu, 01 Apr 2010 18:03:52 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=459</guid>
		<description><![CDATA[My friend, Lance Spitzner, founder of the Honeynet Project, has launched a new blog on securing the human. Check it out!]]></description>
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<p>My friend, Lance Spitzner, founder of the Honeynet Project, has <a href="http://www.honeytech.com/blog/">launched a new blog</a> on securing the human. Lance focuses on providing quality cutting edge security awareness programs to private companies.</p>
<p>Lance does fantastic work. <a href="http://www.honeytech.com/blog/">Go read his blog!</a></p>
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		<title>I realize I am getting old</title>
		<link>http://www.savidtech.com/blog/general/i-realize-i-am-getting-old/</link>
		<comments>http://www.savidtech.com/blog/general/i-realize-i-am-getting-old/#comments</comments>
		<pubDate>Mon, 01 Feb 2010 16:33:26 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=401</guid>
		<description><![CDATA[So I was talking with a client last week and they mentioned that they haven&#8217;t seen any new blog posts from me in a while. I said that was weird because I had just posted yesterday.When i get back to the office, I go online to this site from another PC and low and behold, [...]]]></description>
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<p>So I was talking with a client last week and they mentioned that they haven&#8217;t seen any new blog posts from me in a while. I said that was weird because I had just posted yesterday.When i get back to the office, I go online to this site from another PC and low and behold, no blog post.</p>
<p>Apparently, I was logging into and using our beta site because I had my hosts file specifically pointed to a different server that hosted our beta site. So&#8230;there are a bunch of blog posts that you will see coming that were actually posted months ago!</p>
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		<title>Cyber-warfare is overrated, Cyber-Crime is the real issue we need to address</title>
		<link>http://www.savidtech.com/blog/network-security/cyber-warefare-is-overrated-cyber-crime-is-the-real-issue-we-need-to-address/</link>
		<comments>http://www.savidtech.com/blog/network-security/cyber-warefare-is-overrated-cyber-crime-is-the-real-issue-we-need-to-address/#comments</comments>
		<pubDate>Wed, 02 Sep 2009 14:18:02 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[HIPAA]]></category>
		<category><![CDATA[IT Security]]></category>
		<category><![CDATA[Network security]]></category>
		<category><![CDATA[PCI]]></category>
		<category><![CDATA[cyber security]]></category>
		<category><![CDATA[cyber terrorism]]></category>
		<category><![CDATA[cyber warfare]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[fraud detection]]></category>
		<category><![CDATA[fraud issues]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[scheiner]]></category>
		<category><![CDATA[security companies]]></category>
		<category><![CDATA[small businesses]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=329</guid>
		<description><![CDATA[So why is there so much concern about “cyber-terrorism”? Answering a question with a question: who frames the debate? Much of the data are gathered by ultra-secretive government agencies—which need to justify their own existence—and cyber-security companies—which derive commercial benefits from popular anxiety.]]></description>
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<p><a href="http://www.schneier.com/blog/archives/2009/09/the_exaggerated.html">Bruce Scheiner</a> is talking about a great post at the Boston Review about <a href="http://bostonreview.net/BR34.4/morozov.php">the new age of cyber-warfare</a>, and how cyber-warfare is greatly exaggerated. I couldn&#8217;t agree more. Granted, the US <a href="http://www.savidtech.com/blog/tag/government/" class="st_tag internal_tag" rel="tag" title="Posts tagged with government">government</a> has a cyber-warfare problem. All governments do, however, the bigger problem that is more real today is cyber-crime. I spoke at the Federal Reserve last week on this exact topic.</p>
<p><a href="http://www.savidtech.com/blog/tag/small-businesses/" class="st_tag internal_tag" rel="tag" title="Posts tagged with small businesses">Small businesses</a> are now being targeted because they have more money in their accounts and <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> is easier to transfer larger sums of money out of their accounts without <a href="http://www.savidtech.com/blog/tag/fraud-detection/" class="st_tag internal_tag" rel="tag" title="Posts tagged with fraud detection">fraud detection</a> going off at banks.</p>
<p>A quote from the review sums it all up:</p>
<blockquote><p>So why is there so much concern about “cyber-terrorism”? Answering a question with a question: who frames the debate? Much of the data are gathered by ultra-secretive government agencies—which need to justify their own existence—and cyber-<a href="http://www.savidtech.com/blog/tag/security-companies/" class="st_tag internal_tag" rel="tag" title="Posts tagged with security companies">security companies</a>—which derive commercial benefits from popular anxiety. Journalists do not help. Gloomy scenarios and speculations about cyber-Armaggedon draw attention, even if they are relatively short on facts.</p></blockquote>
<p>I try very hard not to do what they describe when I speak but it can be difficult especially to those that are not familiar with the problem.Cyber-crime is the death by a thousands cuts type of problem. $3,000 here, $5,000 there, but it all adds up pretty quickly. Cyber-warfare is much bigger and easier to point at than these small little <a href="http://www.savidtech.com/blog/tag/fraud-issues/" class="st_tag internal_tag" rel="tag" title="Posts tagged with fraud issues">fraud issues</a>.</p>
<p>If you have 10 minutes of time, read the<a href="http://bostonreview.net/BR34.4/morozov.php"> Boston Review article</a> and give me some feedback. Are we in a situation where we as citizens have to be concerned about cyber-warfare like we were concerned about nukes in years past?</p>

	Tags: <a href="http://www.savidtech.com/blog/tag/cyber-security/" title="cyber security" rel="tag">cyber security</a>, <a href="http://www.savidtech.com/blog/tag/cyber-terrorism/" title="cyber terrorism" rel="tag">cyber terrorism</a>, <a href="http://www.savidtech.com/blog/tag/cyber-warfare/" title="cyber warfare" rel="tag">cyber warfare</a>, <a href="http://www.savidtech.com/blog/tag/fraud/" title="fraud" rel="tag">fraud</a>, <a href="http://www.savidtech.com/blog/tag/fraud-detection/" title="fraud detection" rel="tag">fraud detection</a>, <a href="http://www.savidtech.com/blog/tag/fraud-issues/" title="fraud issues" rel="tag">fraud issues</a>, <a href="http://www.savidtech.com/blog/tag/government/" title="government" rel="tag">government</a>, <a href="http://www.savidtech.com/blog/tag/it/" title="IT" rel="tag">IT</a>, <a href="http://www.savidtech.com/blog/tag/scheiner/" title="scheiner" rel="tag">scheiner</a>, <a href="http://www.savidtech.com/blog/tag/security-companies/" title="security companies" rel="tag">security companies</a>, <a href="http://www.savidtech.com/blog/tag/small-businesses/" title="small businesses" rel="tag">small businesses</a><br />
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		<title>Can I see your CyberSecurity License # please?</title>
		<link>http://www.savidtech.com/blog/network-security/can-i-see-your-cybersecurity-license/</link>
		<comments>http://www.savidtech.com/blog/network-security/can-i-see-your-cybersecurity-license/#comments</comments>
		<pubDate>Sat, 29 Aug 2009 15:48:48 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[IT Security]]></category>
		<category><![CDATA[Network security]]></category>
		<category><![CDATA[cyber security]]></category>
		<category><![CDATA[government networks]]></category>
		<category><![CDATA[license requirement]]></category>
		<category><![CDATA[northrup]]></category>
		<category><![CDATA[private sector]]></category>
		<category><![CDATA[S.773]]></category>
		<category><![CDATA[security professionals]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=327</guid>
		<description><![CDATA[There is a bill, S.773, floating around the Senate that will require cybersecurity professionals in the future to be licensed, similar to how a general contractor, electrician etc is licensed. Furthermore, according to CNET News, "[the bill] appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency."

Will this bill pass? Or even more important, is it a good idea?]]></description>
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<p>There is a bill, <a href="http://www.savidtech.com/blog/tag/s-773/" class="st_tag internal_tag" rel="tag" title="Posts tagged with S.773">S.773</a>, floating around the Senate that will require cybersecurity professionals in the future to be licensed, similar to how a general contractor, electrician etc is licensed. Furthermore, according to <a href="http://news.cnet.com/8301-13578_3-10320096-38.html">CNET News</a>, &#8220;[the bill] appears to permit the president to seize temporary control of private-sector networks during a so-called cybersecurity emergency.&#8221;</p>
<p>Will this bill pass? Or even more important, is <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> a good idea?</p>
<p>I don&#8217;t think we will see a <a href="http://www.savidtech.com/blog/tag/license-requirement/" class="st_tag internal_tag" rel="tag" title="Posts tagged with license requirement">license requirement</a> anytime soon. When I was at Blackhat I saw Booz, <a href="http://www.savidtech.com/blog/tag/northrup/" class="st_tag internal_tag" rel="tag" title="Posts tagged with northrup">Northrup</a>, and the like executing a massive recruiting effort. The <a href="http://www.savidtech.com/blog/tag/government/" class="st_tag internal_tag" rel="tag" title="Posts tagged with government">government</a> is trying to hire thousands of cybersecurity professionals. Requiring licensing will delay this by years as those in the field get licensed. With the various security certifications we have now, who will be the governing body to determine what data goes into the certification? Most of the certifications in my view are worthless and I would take a guy (or girl) that has been &#8220;on the front lines&#8221; before I take a person with 4 certifications and little experience.</p>
<p>What about the ability to take control of private networks in an emergency? From my experiance, there is no way in hell I want the government touching my private network. most <a href="http://www.savidtech.com/blog/tag/government-networks/" class="st_tag internal_tag" rel="tag" title="Posts tagged with government networks">government networks</a> are LESS secure than their private counterparts! Furthermore, there has been a massive brain drain from government to the <a href="http://www.savidtech.com/blog/tag/private-sector/" class="st_tag internal_tag" rel="tag" title="Posts tagged with private sector">private sector</a> for <a href="http://www.savidtech.com/blog/tag/cyber-security/" class="st_tag internal_tag" rel="tag" title="Posts tagged with cyber security">cyber security</a> positions so who will have the best skilled people available in case of an emergency? Perhaps we should let the <a href="http://www.savidtech.com/blog/tag/private-sector/" class="st_tag internal_tag" rel="tag" title="Posts tagged with private sector">private sector</a> take control of government networks during a crisis?</p>
<p>Interested in reading the <a href="http://www.politechbot.com/docs/rockefeller.revised.cybersecurity.draft.082709.pdf">55 page excerpt</a>?</p>

	Tags: <a href="http://www.savidtech.com/blog/tag/cyber-security/" title="cyber security" rel="tag">cyber security</a>, <a href="http://www.savidtech.com/blog/tag/government-networks/" title="government networks" rel="tag">government networks</a>, <a href="http://www.savidtech.com/blog/tag/license-requirement/" title="license requirement" rel="tag">license requirement</a>, <a href="http://www.savidtech.com/blog/tag/northrup/" title="northrup" rel="tag">northrup</a>, <a href="http://www.savidtech.com/blog/tag/private-sector/" title="private sector" rel="tag">private sector</a>, <a href="http://www.savidtech.com/blog/tag/s-773/" title="S.773" rel="tag">S.773</a>, <a href="http://www.savidtech.com/blog/tag/security-professionals/" title="security professionals" rel="tag">security professionals</a><br />
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		<title>SOX May Be Overturned by Supreme Court</title>
		<link>http://www.savidtech.com/blog/general/sox-may-be-overturned-by-supreme-court/</link>
		<comments>http://www.savidtech.com/blog/general/sox-may-be-overturned-by-supreme-court/#comments</comments>
		<pubDate>Mon, 17 Aug 2009 16:06:25 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[IT Security]]></category>
		<category><![CDATA[accounting oversight board]]></category>
		<category><![CDATA[compliance regulations]]></category>
		<category><![CDATA[constitutional requirements]]></category>
		<category><![CDATA[PCAOB]]></category>
		<category><![CDATA[public company accounting oversight board]]></category>
		<category><![CDATA[regulatory powers]]></category>
		<category><![CDATA[Ron Paul]]></category>
		<category><![CDATA[sarbanes oxley act]]></category>
		<category><![CDATA[sox compliance]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=306</guid>
		<description><![CDATA[The lawsuit claims the Sarbanes-Oxley Act violates constitutional requirements since it gives the Public Company Accounting Oversight Board regulatory powers over the accounting industry, and yet its members are not appointed by the President.  They argue that this is a violation of the separation of powers specified in the constitution that leaves the President with insufficient control over what could be considered an executive function.
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<p>A new lawsuit by the Free Enterprise Fund going to the Supreme Court soon challenges the constitutional validity of a certain provision in the Sarbanes-Oxley Act.</p>
<p>The lawsuit claims the Sarbanes-Oxley Act violates <a href="http://www.savidtech.com/blog/tag/constitutional-requirements/" class="st_tag internal_tag" rel="tag" title="Posts tagged with constitutional requirements">constitutional requirements</a> since <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> gives the <a href="http://www.savidtech.com/blog/tag/public-company-accounting-oversight-board/" class="st_tag internal_tag" rel="tag" title="Posts tagged with public company accounting oversight board">Public Company Accounting Oversight Board</a> <a href="http://www.savidtech.com/blog/tag/regulatory-powers/" class="st_tag internal_tag" rel="tag" title="Posts tagged with regulatory powers">regulatory powers</a> over the accounting industry, and yet its members are not appointed by the President.  They argue that this is a violation of the separation of powers specified in the constitution that leaves the President with insufficient control over what could be considered an executive function.</p>
<p>But to me it sounds like a technicality; pointed at those clamoring for the downfall of SOX.  Since SOX lacks a severability clause, if the lawsuit prevails then the entire Act would be thrown out, not just the part about <a href="http://www.savidtech.com/blog/tag/pcaob/" class="st_tag internal_tag" rel="tag" title="Posts tagged with PCAOB">PCAOB</a> appointees.  This is probably what the Free Enterprise Fund is planning on.</p>
<p>Opponents of Sarbanes-Oxley are many and they’d love to see SOX thrown out.  <a href="http://www.savidtech.com/blog/tag/ron-paul/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Ron Paul">Ron Paul</a>, to name one, argues that <a href="http://www.savidtech.com/blog/tag/sox-compliance/" class="st_tag internal_tag" rel="tag" title="Posts tagged with sox compliance">SOX compliance</a> gives U.S. corporations a competitive disadvantage with foreign markets.  Both foreign an U.S. firms that do not wish to endure the intrusive <a href="http://www.savidtech.com/blog/tag/compliance-regulations/" class="st_tag internal_tag" rel="tag" title="Posts tagged with compliance regulations">compliance regulations</a> of SOX are deregistering from the U.S. stock exchange.  This is understandable since the costs SOX imposes have averaged at $5.1 million in compliance costs.  The year after it became law, the number of companies de-registering from the stock exchange tripled.</p>
<p>The Act also seems to discourage the initial public offering market from growing.  Startups can hardly afford the SOX compliance costs in order to quality for stock market registration.  But without investors these companies don’t have much of a chance to grow.</p>
<p>On the other hand, many of these companies fleeing from stock exchange registration because of SOX may have something to hide.  In those cases, SOX is doing its job of preventing companies that employ crooked accounting practices from swindling mom and pop investors.</p>
<p>It remains to be seen how the Supreme Court will rule on the lawsuit and, if the lawsuit prevails, how it will end up reforming all aspects of the Sarbanes-Oxley Act.</p>

	Tags: <a href="http://www.savidtech.com/blog/tag/accounting-oversight-board/" title="accounting oversight board" rel="tag">accounting oversight board</a>, <a href="http://www.savidtech.com/blog/tag/compliance-regulations/" title="compliance regulations" rel="tag">compliance regulations</a>, <a href="http://www.savidtech.com/blog/tag/constitutional-requirements/" title="constitutional requirements" rel="tag">constitutional requirements</a>, <a href="http://www.savidtech.com/blog/tag/it-security/" title="IT Security" rel="tag">IT Security</a>, <a href="http://www.savidtech.com/blog/tag/pcaob/" title="PCAOB" rel="tag">PCAOB</a>, <a href="http://www.savidtech.com/blog/tag/public-company-accounting-oversight-board/" title="public company accounting oversight board" rel="tag">public company accounting oversight board</a>, <a href="http://www.savidtech.com/blog/tag/regulatory-powers/" title="regulatory powers" rel="tag">regulatory powers</a>, <a href="http://www.savidtech.com/blog/tag/ron-paul/" title="Ron Paul" rel="tag">Ron Paul</a>, <a href="http://www.savidtech.com/blog/tag/sarbanes-oxley-act/" title="sarbanes oxley act" rel="tag">sarbanes oxley act</a>, <a href="http://www.savidtech.com/blog/tag/sox-compliance/" title="sox compliance" rel="tag">sox compliance</a><br />
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		<title>Yes&#8230;I am alive!</title>
		<link>http://www.savidtech.com/blog/general/yes-i-am-alive/</link>
		<comments>http://www.savidtech.com/blog/general/yes-i-am-alive/#comments</comments>
		<pubDate>Fri, 14 Aug 2009 13:17:36 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[General]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=308</guid>
		<description><![CDATA[Sorry for the lack of posts the past two weeks, I was in Vegas for  BlackHat and Defcon, took a couple day break, and then Boston but now I am back in action! More posts to come in the next few days.]]></description>
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<p>Sorry for the lack of posts the past two weeks, I was in Vegas for  BlackHat and Defcon, took a couple day break, and then Boston but now I am back in action! More posts to come in the next few days.</p>
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		<title>Outsource Scams:  The Darker Side of Speed Sourcing</title>
		<link>http://www.savidtech.com/blog/general/outsource-scams-the-darker-side-of-speed-sourcing/</link>
		<comments>http://www.savidtech.com/blog/general/outsource-scams-the-darker-side-of-speed-sourcing/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 02:15:42 +0000</pubDate>
		<dc:creator>Michael A. Davis</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[consulting firms]]></category>
		<category><![CDATA[Management consulting]]></category>
		<category><![CDATA[Outsourcing]]></category>
		<category><![CDATA[Request for proposal]]></category>
		<category><![CDATA[RFP]]></category>
		<category><![CDATA[Strategic management]]></category>
		<category><![CDATA[trust]]></category>
		<category><![CDATA[Vendor (supply chain)]]></category>

		<guid isPermaLink="false">http://www.whatevercompliance.com/?p=255</guid>
		<description><![CDATA[The scam is perpetrated between the consultants and the vendors at the expense of the client.  The consulting firm makes vendor or supplier recommendations to the trusting client to speed up the outsourcing process.  But these vendors really have under-the-table deals going on with the consultants.  These consultants lie to the client and say the vendor is qualified and offers a competitive rate.  Or they offer a potential pool of vendors from their proprietary “center of expertise” – all of whom are in cahoots with the consultants. They will even provide stock RFP responses from by the supplier.  The client doesn’t know any better, which is why they rely on a consulting firm in the first place.
]]></description>
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<p>Not too long ago, I discussed speed-sourcing as a viable alternative to the traditional slow-poke method of vendor selection and approval.  But I neglected to mention some of the more sordid suspicions against <a href="http://www.savidtech.com/blog/tag/consulting-firms/" class="st_tag internal_tag" rel="tag" title="Posts tagged with consulting firms">consulting firms</a> that advocate speed-sourcing.  This is all just speculative rumblings from those in the industry, not to be taken as fact.  But I will share with you some of the suspicions about the “speed sourcing scam.”</p>
<p>The scam is perpetrated between the consultants and the vendors at the expense of the client.  The consulting firm makes vendor or supplier recommendations to the trusting client to speed up the <a href="http://www.savidtech.com/blog/tag/outsourcing/" class="st_tag internal_tag" rel="tag" title="Posts tagged with Outsourcing">outsourcing</a> process.  But these vendors really have under-the-table deals going on with the consultants.  These consultants lie to the client and say the vendor is qualified and offers a competitive rate.  Or they offer a potential pool of vendors from their proprietary “center of expertise” – all of whom are in cahoots with the consultants. They will even provide stock <a href="http://www.savidtech.com/blog/tag/rfp/" class="st_tag internal_tag" rel="tag" title="Posts tagged with RFP">RFP</a> responses from by the supplier.  The client doesn’t know any better, which is why they rely on a consulting firm in the first place.</p>
<p>The consultants are paid based on how fast the vendor and client are able to make a deal.  Thus we have what they like to call “speed sourcing” – some nice jargon for the smoke and mirrors act.</p>
<p>Of course, the vendor may be wholly incapable of delivering what the client asks for, especially if they are overloaded with deceitful consultants referring work to them.  But why should the consultants care if they already made the commission?</p>
<p>By hiding behind a make-believe trend these consultants could be greasing their palms.  But this is all speculation at this point, possibly a security expert’s inherent paranoia.  I couldn’t find one reported case of this happening online.  But just because <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> hasn’t been caught and reported yet, doesn’t mean <a href="http://www.savidtech.com/blog/tag/it/" class="st_tag internal_tag" rel="tag" title="Posts tagged with IT">it</a> isn’t happening.  Just something to keep in mind when working with your consultants and your vendors.</p>

	Tags: <a href="http://www.savidtech.com/blog/tag/consulting-firms/" title="consulting firms" rel="tag">consulting firms</a>, <a href="http://www.savidtech.com/blog/tag/management-consulting/" title="Management consulting" rel="tag">Management consulting</a>, <a href="http://www.savidtech.com/blog/tag/outsourcing/" title="Outsourcing" rel="tag">Outsourcing</a>, <a href="http://www.savidtech.com/blog/tag/request-for-proposal/" title="Request for proposal" rel="tag">Request for proposal</a>, <a href="http://www.savidtech.com/blog/tag/rfp/" title="RFP" rel="tag">RFP</a>, <a href="http://www.savidtech.com/blog/tag/strategic-management/" title="Strategic management" rel="tag">Strategic management</a>, <a href="http://www.savidtech.com/blog/tag/trust/" title="trust" rel="tag">trust</a>, <a href="http://www.savidtech.com/blog/tag/vendor-supply-chain/" title="Vendor (supply chain)" rel="tag">Vendor (supply chain)</a><br />
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