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Ecora Reports 2008 Challenges
Upcoming pressures will force organizations to re-examine policies on multiple fronts
January 8, 2008
1 Min Read
PORTSMOUTH, N.H. -- Ecora Software, the market-proven leader for configuration audit and analytics solutions, today outlined a series of market and industry challenges and events that will drive organizations to examine their current IT policies. These market challenges will have a multi-departmental impact on organizations from the executive level to entry-level administrators, with special emphasis on senior IT and financial professionals.
Ecora has outlined the anticipated challenges of 2008 in three select categories: Emerging and New Compliance Initiatives, Trends in Best Practices and IT Implementations.
Emerging Compliance Issues
The Impact of Multiple Compliance Initiatives: Organizations have become subject to multiple compliance mandates in recent years. While Sarbanes-Oxley (S-OX) has garnered the majority of headlines in 2008, the average enterprise company will be charged with meeting the standards of between six to 10 federal and state compliance initiatives at any one time. Companies attempting to manage each compliance standard independently will be hampered by escalating audit expenses, a continuing drain on staff resources, and consistent failures to meet deadlines for new IT initiatives. At any one time, the following standards could apply to a typical enterprise company:
Sarbanes-Oxley (S-OX)
Health Insurance Portability and Accountability Act (HIPAA)
Federal Rules of Civil Procedure (FRCP)
Basel II
Gramm-Leach-Bliley Act (GLBA)
Japan's Internal Controls over Financial Reporting (ICFR) or (J-SOX)
Payment Card Industry Data Security (PCI DSS)
Ecora Software Corp.
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