Last Chance to Attend our Executive Breakfast Briefing in the City of London

As a friendly reminder, this Thursday March 21, 2013 is our Executive Breakfast Briefing Event! There are only three spaces left and we encourage you to sign up by this Wednesday, mid-day, so you wont miss out!

In this executive briefing, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey.

The first client is the UK's largest financial services outsource provider, who started their ERM journey in 2006/07 as one of their drivers of rapid growth, but were forced into a u-turn by the credit crunch. They will present insights on:

• Delivering effective organisational change
• Shaping the risk culture
• Engaging constructively and proactively with the regulator
• Preparing for further regulatory change including preparations for the introduction of the FCA & PRA

The second client, is one of the UK's newest and fastest growing banks, which started their journey in 2010. They will focus on:

• Establishing a risk culture within a small but rapidly growing organisation
• Aligning the ERM agenda to the strategic agenda
• Building buy-in and engagement across an emerging culture
• Understanding some of the challenges and benefits of enabling the ERM process with software

Details

When: March 21st, 2013

Where: City of London

Time: 08.45 am

Venue: The Mercer Restaurant & Bar - 34 Threadneedle Street, London EC2R 8AY

Cost: Free of Charge, Complimentary Breakfast + Tea/Coffee

Keynote Speakers

Gillian Weatherill, Head of Enterprise Risk Management, Homeloan Management Limited

Kevin Pearce, Head of Operational Risk, Aldermore Bank

Register Now on our Events Page HERE

Security & Risk: Data Management

By: Allison Morris from OnlineCollegeCourses

With practically our whole lives stored online, it's no wonder 3 in 4 Americans have been or will be the victim of cyber crime. According to "Hacked," an info graphic posted OnlineCollegeCourses.com, in one year, about $1 trillion in intellectual property was stolen worldwide. In fact, over the last 12 months, it's estimated that 90% of businesses had their computer systems hacked, and 77% were hacked more than once.

In addition to large companies, universities are also a target for hackers, given their large student databases. In 2012, more than 100 universities had students' personal information stolen. These include prestigious schools such as Harvard, Cambridge, Stanford, Princeton, and more. The personal information obtained from these databases can then be sold on illegal trading sites and may be used by marketers.

Mobile apps and social networking accounts are also commonly hacked. In fact, about 600,000 Facebook accounts are hacked each day, or about seven every second. As for apps, 92% of the top paid apps for iOS have been hacked. This figure was 100% for Android. Hacking apps allows cyber criminals to disable security, create pirated copies, or replace the app with a malware-infected version.

So with hacking running rampant, how can you protect yourself? The best course of action is to create a strong password. Do not use a password that is easily guessed, such as 123456 or abc123. Even a personalized password of six lowercase letters can be cracked by a hacker in approximately 10 minutes. Instead, it is best to choose a password that has a mix of lowercase and uppercase letters, numbers, and symbols. Also, it is smart to change up your passwords from account to account. That way, if one is compromised, hackers can't have a field day with the rest of your accounts.

Graphic Provided by: http://www.onlinecollegecourses.com/

FTSE 100 Company Invests in our StratexPoint Solution on SharePoint

FOR IMMEDIATE RELEASE

18th February 2013

StratexSystems announces that a FTSE 100 Company has invested in their StratexPoint Solution on Sharepoint to manage its cyber risk, support business objectives and provide information assurance to customers and shareholders.

StratexSystems, a provider of integrated strategy execution & risk management solutions, in conjunction with industry experts in cyber security and enterprise risk management, Templar Executives have released a unique and comprehensive cyber security application; designed for a FTSE 100 company to provide their senior executives and board with a holistic view of their organisational cyber security posture.

The tailored solution is known as CYSPEX (Cyber Strategic Programme Execution) CYSPEX enables organisations to monitor and manage the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.

StratexSystems CEO and Founder, Andrew Smart said: “With its focus on enabling business objectives, the CYSPEX solution is an innovative collaboration which embeds leading Cyber Security and Risk Management expertise into a template solution that provides a roadmap for any organisation wishing to improve their approach to cyber security whilst remaining focused on delivering its business strategy. We are pleased the organisation recognises the value of this solution and am looking forward to working with them on this project.”

For more information please visit www.cyspex.com or follow them on twitter @CYSPEX.

Ends

Notes to Editor

To interview a spokesperson, please contact andrew.smart@stratexsystems.com

For more information about StratexSystems, please visit: www.stratexsystems.com

StratexSystems

91 Waterloo Road

London

SE1 8RT

+44 (0)207 921 0060

About StratexSystems

StratexSystems is one of the only software companies in the world to provide an integrated, Risk-based Performance solution powered by Microsoft's SharePoint platform.

Our goal is simple – to help businesses execute strategy while operating within their acceptable level of risk exposure.

Very few organisations are capable of obtaining a single enterprise-wide view of their performance and risk management information. Instead the tendency is to employ multiple tools that operate in silos; rarely communicate with one another; provide conflicting information; and contribute to poor decision-making.

We believe performance and risk are essentially different sides of the same coin. To effectively manage either, they must be managed as an integrated process with a single, integrated solution. StratexSystems provides that solution.

Some of the acitivities which are supported by our various solutions:

Defining strategy maps & strategic objectives. Conducting risk and control self-assessments. Defining, managing and monitoring the initiatives and actions which make up the organisational change agenda. Managing and monitoring KPI's, KRI's & KCI's using organisational and personal dashboards. Defining Balanced Scorecards, with KPI's, initiatives and actions. Defining and managing key emerging risks using risk maps. Defining and monitoring Risk Appetite Calculating, managing and monitoring the alignment of risk exposure to appetite. Define and manage operational processes and systems, and monitoring their performance, risk and controls.

Stay Connected: LinkedIn Facebook Pinterest @StratexSystems

How to Drive Sustainable SharePoint Adoption in Your Organization

Microsoft market research indicates that 78% of Fortune 500 companies are SharePoint users. Every day for the past five years, 20,000 workers have joined the ranks of SharePoint users. One in every five knowledge workers now has access to SharePoint, but that doesn’t mean these workers are properly trained in how to use SharePoint.

Read the rest of the article at CMSWIRE

Understanding the new ‘Twin Peaks’ Regulatory Environment

On the first of April, 2013 the UK Financial Services industry is going to see the introduction of a ‘Twin Peaks’ regulatory regime. This change will see the Financial Services Authority (FSA) spilt into two new regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

The FCA will be responsible for:

ensuring that relevant markets function well for the conduct supervision of financial services firms the prudential supervision of firms not supervised by the Prudential Regulation Authority (PRA). The single strategic objective of the FCA will be; to protect and enhance confidence in the UK financial system. However it has three more operational objectives to deliver:

Securing an appropriate degree of protection for consumers Promoting efficiency and choice in the market for financial services Protecting and enhancing the integrity of the UK financial system The PRA will be responsible for promoting the safety and soundness of deposit-taking firms, insurers and systemically important investment firms.

Like the FCA, the PRA has a single strategic objective, which is: to promote the safety and soundness of regulated firms and this will be achieved by seeking to;

minimise the adverse effect that the failure of a PRA-authorised firm could be expected to have on the stability of the UK financial system ensure that the business of PRA-authorised firms is carried on in a way which avoids any adverse effect on the stability of the UK financial system Below is an overview of the new regulatory landscape, courtesy of the FSA.

Executive Briefing - March 21 - Understanding the ERM Journey

In this executive briefing, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey.

The first client is the UK's largest financial services outsource provider, who started their ERM journey in 2006/07 as one of their drivers of rapid growth, but were forced into a u-turn by the credit crunch. They will present insights on:

• Delivering effective organisational change
• Shaping the risk culture
• Engaging constructively and proactively with the regulator
• Preparing for further regulatory change including preparations for the introduction of the FCA & PRA

The second client, is one of the UK's newest and fastest growing banks, which started their journey in 2010. They will focus on:

• Establishing a risk culture within a small but rapidly growing organisation
• Aligning the ERM agenda to the strategic agenda
• Building buy-in and engagement across an emerging culture
• Understanding some of the challenges and benefits of enabling the ERM process with software

Details

When: March 21st, 2013

Where: City of London

Time: 08.45 am

Venue: To be confirmed

Cost: Free of Charge

Keynote Speakers

Gillian Weatherill, Head of Enterprise Risk Management, Homeloan Management Limited

Kevin Pearce, Head of Operational Risk, Aldermore Bank

Register Now

FTSE 100 Company Invests in our StratexPoint Solution on SharePoint

Our partners at CYSPEX have received some very exciting news! A FTSE 100 company has launched CYSPEX to manage its cyber risk, support business objectives and provide information assurance to customers and shareholders by using our solution platform StratexPoint.

CYSPEX (Cyber Strategic Programme Execution) is a unique and comprehensive cyber security application designed to provide boards and senior executives with a holistic view of their organisational cyber security posture.

Developed by StratexSystems, a provider of integrated strategy execution and risk management solutions, in conjunction with industry experts in cyber security and enterprise risk management, Templar Executives and Manigent, CYSPEX enables organisations to monitor and manage the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.

StratexSystems CEO and Founder, Andrew Smart said: “With its focus on enabling business objectives, the CYSPEX solution is an innovative collaboration which embeds leading Cyber Security and Risk Management expertise into a template solution that provides a roadmap for any organisation wishing to improve their approach to cyber security whilst remaining focused on delivering its business strategy. We are pleased the organisation recognises the value of this solution and am looking forward to working with them on this project.”

View the exciting news HERE.

For more information please visit www.cyspex.com or follow them on twitter @CYSPEX.

Stay Connected: LinkedIn Facebook Pinterest @StratexSystems

StratexSystems Shortlisted for Global Risk Awards

StratexSystems is proud to announce that we have been shortlisted as Risk Management Service Provider of The Year 2012 for the IRM Awards! This award is designed to recognise the very best in service delivery among those that supply any risk management services to the industry.

The Institute of Risk Management (IRM) is a Global Risk Awards ceremony that is organised by the risk management world’s leading independent professional and educational body that recognises and rewards excellence in risk management.

The Global Risk Awards Ceremony will be held and hosted by Magnus Lindkvist (trendspotter and futurologist) at the Grand Connaught Rooms in London on 28 February 2012.

The Institute of Risk Management (IRM) is the world’s leading enterprise-wide risk education Institute that passionately believes in the importance of risk management and that investment in education and continual professional development leads to more effective risk management.

More info HERE

Third Time Unlucky for UBS

"The Financial Services Authority announced its latest settlement with Swiss bank UBS for £29.7m. This followed the conviction and imprisonment of UBS rogue trader Kweku Adoboli for fraud. Adoboli had run up losses of $2.3bn, although it is rumoured that at one stage the bank’s exposure was in the region of $12bn."

 
"In the settlement, UBS accepted that it had breached FSA Principles 2 and 3 which focused on inadequate systems and controls at the bank and, in particular, failures to manage risk properly. The fine is the highest imposed for systems and controls failures and the third highest in FSA history."

[VIA]

Bank Agrees to Reimburse Hacking Victim $300K in First Time Case

"In a case watched closely by banks and their commercial customers, a financial institution in Maine has agreed to reimburse a construction company $345,000 that was lost to hackers after a court ruled that the bank’s security practices were “commercially unreasonable.”

People’s United Bank has agreed to pay Patco Construction Company all the money it lost to hackers in 2009, plus about $45,000 in interest, after intruders installed malware on Patco’s computers and stole its banking credentials to siphon money from its account."

[VIA]