GAO: More Work Remains for HUD to Implement Necessary IT Management Controls
March 29, 2012 - The GAO found taht HUD has made progress in implementing prior GAO recommendations on modernizing its IT environment; however more actions are needed. In 2009, GAO reported that HUD lacked key IT management controls; which are essential to achieving successful outcomes.
Isitc members to boost IT spending
March 12, 2012 - Financial industry association Isitc says that nearly two thirds of its members plan to increase their information technology spending over the next two years as regulatory compliance continues to dominate the agenda.
IDC Launches Worldwide Business Analytics Software Tracker - Market Is Expected to Reach $33.9 Billion in 2012, Up 8.2% from 2011
January 17, 2012 - International Data Corporation (IDC) today announced the launch of the industry's first global tracker covering the business analytics software market on a semiannual basis. The Worldwide Semiannual Business Analytics Tracker covers 12 segments within the BA (Business Analytics) market, providing semiannual vendor share information and a five-year annual forecast across a total of 49 countries.
GAO: IT Dashboard Has Improved, and Additional Efforts Are Under Way to Better Inform Decision Making
December 7, 2011 - Each year the federal government spends billions of dollars on information technology (IT) investments. Given the importance of program oversight, the Office of Management and Budget (OMB) established a public website, referred to as the IT Dashboard, that provides detailed information on about 800 federal IT investments, including assessments of actual performance against cost and schedule targets (referred to as ratings).
SEC Orders FINRA to Improve Internal Compliance Policies and Procedures
October 27, 2011 - The Securities and Exchange Commission today ordered the Financial Industry Regulatory Authority (FINRA) to hire an independent consultant and undertake other remedial measures to improve its policies, procedures, and training for producing documents during SEC inspections.
GAO: OMB Needs to Improve Its Guidance on IT Investments
October 26, 2011 - The federal government invests heavily in information technology (IT). In recent years, the Office of Management and Budget (OMB) has made efforts to improve the transparency, oversight, and management of the federal government's IT investments.
GAO: Opportunities Exist to Improve Role in Information Technology Management
October 17, 2011 - The federal government invests billions in information technology (IT) each year to help agencies accomplish their missions. Federal law, particularly the Clinger-Cohen Act of 1996, has defined the role of Chief Information Officer (CIO) as the focal point for IT management within agencies.
SEC Sanctions Direct Edge Electronic Exchanges and Orders Remedial Measures to Strengthen Systems and Controls
October 13, 2011 - The Securities and Exchange Commission today sanctioned two electronic stock exchanges and a broker-dealer owned by Direct Edge Holdings LLC for violations of U.S. securities laws arising out of weak internal controls that resulted in millions of dollars in trading losses and a systems outage.
