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IT department

By Occasional Contributors | 4 Minutes Read June 25, 2014

Cybersecurity in the boardroom: The new reality for directors

Not long ago, cybersecurity was a term rarely, if ever, heard in the boardroom. Rather, information security was deemed to be a risk managed solely by the chief information or technology officer. Those days are gone. With the litany of high profile cybersecurity hacks—and the potential resulting drop in shareholder value, regulatory inquiries and litigations which inevitably follow—cybersecurity has become an increasingly challenging risk that boards must address.

Article by Occasional Contributors / Business, Finance and Accounting, Information Technology, Not for Profit, Privacy / cyber-risks, cybersecurity, Cybersecurity in the boardroom, data breaches, Directors and officers, insurance, IT department, managing cybersecurity risks, risk management, risk of shareholder lawsuits, security risk management

By Jeffrey Sherman, MBA, FCPA, FCA | 2 Minutes Read November 4, 2013

How do I ensure accountability for IT systems?

One of the key elements needed to ensure accountability is reporting the right statistics and metrics. Each user department is responsible for ensuring that its information technology needs are addressed, and the IT department is responsible for providing overall cost-effectiveness, quality and coordination. The IT department can play its role by ensuring that IT metrics are captured and disseminated. User departments and the IT department must both be involved; neither may be permitted to abdicate its responsibilities.

Article by Jeffrey Sherman, MBA, FCPA, FCA / Business, Privacy / benefits delivery, COBIT 5, compliance, data capacity, estimating resource requirements, future functional requirements, governance framework, implementation, Information Technology PolicyPro, IT accountability, IT compliance, IT controls, IT department, IT governance, IT infrastructure, IT measurement, IT planning, IT priorities, IT strategy, ITPP, managing relationships, metrics, needs evaluations, network capacity, planning cycle, planning process, priorities, processing requirements, processor memory, resource capacity, resource optimization, resource usage, risk optimization, statistics, systems requirements, technical support, upgrading IT infrastructure, user support

By Occasional Contributors | 3 Minutes Read July 29, 2013

Employee dismissed for cause after breach of privacy policy

In Steel v. Coast Capital Savings Credit Union, the Supreme Court of British Columbia upheld the termination of an employee on a with cause basis after the employee breached the bank’s confidentiality policy

Article by Occasional Contributors / Business, Finance and Accounting, Not for Profit, Privacy / bank’s confidentiality policy, breach of privacy policy, confidentiality, credit union, damages, Employee dismissed for cause, employee handbook, employees’ personal folders, HR Department, Human Resources, internal technical support, IT department, job duties, just cause, management, performance review process, permission, policies and procedures, policies and protocols, policy manual, terminate an employee without notice or pay in lieu thereof, termination of an employee, wrongful dismissal

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