Rules Of The Road Oct. 6, 2003
Most companies will spend more on IT to comply
with regulations than last year, according to a new
InformationWeek Research survey. Can they wring
any business value from it?
By Steven Marlin
BellSouth Corp. knows how to work in a regulated
environment, having had the government involved in its
telecom business since its earliest days. Nevertheless,
meeting the requirements of the Sarbanes-Oxley Act has
added business-technology costs, in part because the IT
department supports a group of auditors who review
internal financial controls for compliance.
Absolutely Accountable Oct. 6, 2003
Executives depend on technology to keep their
companies in line with the Sarbanes-Oxley Act
By Steven Marlin
Most regulations are crafted to solve an industry-specific problem or to force
certain types of companies to take actions they otherwise might not take.
Every once in a while, a law comes along that hits companies across
industries, size, locations, or types of customers. Hello, Sarbanes-Oxley.
Under Scrutiny Oct. 6, 2003
A background in government work helps
FleetBoston's compliance officer navigate rough
By Ivan Schneider, Bank Systems & Technology
As a former congressional staffer, Agnes Bundy Scanlan brings firsthand
knowledge of Capitol Hill to her job as chief compliance officer for
That's useful experience in today's regulatory environment, in which Congress
is quick to pass legislation designed to make companies play a major role in
attacking problems such as terrorism and corporate malfeasance. No industry
is more in the middle of that effort than financial services. "The scrutiny on
compliance and risk issues has never been higher," Bundy Scanlan says.
What To Look For In Anti-Money-Laundering Vendors
Oct. 6, 2003
One of the main difficulties in complying with the
U.S.A. Patriot Act is sifting through the huge amount
of information firms process every day.
By Jim Middlemiss
For two years, Rodney Bahr, like many IT execs in financial services, has
focused much of his attention on money launderers. That's because Bahr, a
principal at St. Louis-based Edward Jones, is in charge of cash operations at
the brokerage firm. One of his tasks has been to make sure the firm complies
with anti-money-laundering requirements of the U.S.A. Patriot Act.
"Some of the challenges have been the sheer volume of transactions that need
to be analyzed and go through some sort of surveillance," explains Bahr.
"You have to sift through that data and really focus on the (transactions) that
propose a risk of suspicious activity."
Using the Net to Track Employee Certifications
By Ellen McCarthy
Washington Post Staff Writer
Monday, October 13, 2003; Page E05
Health Communications Inc., the company that Adam F. Chafetz's father established and passed along to
his son, trains hospitality workers to identify and deal appropriately with intoxicated patrons. But once
those workers finished the training, Health Communications gave them a certificate and sent them on
It turns out those certificates are important not just to the workers and their employers, but also to
insurance companies or any one else tasked with tracking the skills of workers in an organization.
About a year ago Chafetz asked his information technology team if it was possible for Health
Communications managers, client firms and insurance companies to see all those certification records on
the Web. During the two months it took to develop the Web portal, Chafetz talked to friends in the
training community about the system and was amazed by how few organized their data on the Internet.
Australia's history archived in
Steven Deare, LinuxWorld, sydney
Australia's history will be viewed digitally in
the OpenOffice.org office suite as part of
plans to preserve the quality and
accessibility of government documents.
The National Archives of Australia (NAA) is
using the open source software to help store
and display archived documents from
Chicago Sun Times 10/14/03
Many ways to back up your info; just
don't put it off
Fighting to Preserve Old Programs
By Daniel Terdiman |
02:00 AM Oct. 14, 2003 PT
Brewster Kahle wants the world to know that old software is an important part of our cultural history and -- like books, films and
other media -- should be preserved.
The problem is, most software is stored on media that is rapidly degrading. Before long, the data on those original WordStar or
Lotus 1-2-3 floppies will be about as useful as a piece of cardboard.
Court Data Online
By Jonathan Dube
The federal court system is gradually moving its legal
information online, making it much easier to search and read
case information. The convenience of online access to court
documents might eventually revolutionize court reporting.
The Public Access to Court Electronic Records system (known
as PACER) allows users to get case and docket information online from
Federal Appellate, District, and Bankruptcy courts.
New York Times
Digging for Nuggets of Wisdom
By LISA GUERNSEY
Published: October 16, 2003
MICHAEL N. LIEBMAN knows his limitations. Even with a Ph.D. and a long career in
medical research, he cannot keep up with all the developments in his area of interest,
breast cancer. Medline, the database that already houses more than 10 million abstracts
for journal articles, is adding 7,000 to 8,000 abstracts per week. Only a fraction of these are
about cancer, but the volume of information is daunting nonetheless.
Advertisement "There is just too much literature to be able to go through it all," said Dr. Liebman,
the director of biomedical informatics at the Abramson Family Cancer Research
Institute at the University of Pennsylvania.
Yet Dr. Liebman is convinced that new cures could someday emerge for breast cancer if only
someone could read all the literature and synthesize it. So he has found a solution: enlisting a
computer program to read the articles for him.
"The software is not going to get tired," he said. It also happens to be a speed reader: The
product he is using, from a Chicago-based software company called SPSS, can zip through
250,000 pages an hour. Another product, from the text-mining company ClearForest, boasts a
speed of 15,000 pages an hour, still far surpassing the human rate of a mere 60 pages.
New York Times 10/16/03
Shepherding Your Files Into Their New
New York Times
Here, Take My Card (Ha Ha, That's Not My
By ADAM BAER
Published: October 16, 2003
pam filters, spam blockers, spam blasters: there's no shortage of tools intended to
thwart the biggest irritant in an increasingly e-mail-dependent world. But Paul Tyma,
co-founder of Mailinator, a free online service, has a simpler solution to offer.
"Mailinator doesn't block spam," said Mr. Tyma, a computer consultant in New York. "It
helps remove the possibility of it ever being sent to you."
Sydney Morning Herald
Where websites go to
October 17, 2003
The National Library of Australia is a world leader in
tracing the evolution of the internet. But, writes Lauren
Martin, with the average life of a website now only 44
days, time and money are short.
"You are on the web page the media do not want you to know
about," trumpets the screen. It bears the banner "Pauline
Hanson's One Nation", but in a flowery script that looks
amateur compared with the slick corporate logo adopted later
when she began posing with the flag draped around her. The
paranoia endures in the party, but this picture is from 1998 -
when the redhead was still on the outside, running the show.
Peter A. Kurilecz CRM, CA
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