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IMB Enterprises, Inc., Huntington, NY 11746 +1 (631) 673-2929, imblonder@imbenterprises.com

IT Audit and Risk Assessment

Does IT Need Better Risk Management, or More Software to Prevent Hacks?

Josh Tyrangiel of Bloomberg Business Week this week published an article on the successful attempt by unauthorized individuals to access customer information from the servers at Target. The title of Tyrangiel's article, How Target Could Have Prevented Customer Data Hack tells his story. Click the...

Ira Michael Blonder
5 years ago

The NASDAQ Crash of August 21, 2013 Demonstrates an Absence of Oversight, Across the Board

On Sunday, August 24, 2013, the Wall Street Journal published yet another article in the ongoing publishing frenzy of articles on the abrupt halt on Thursday, August 21, 2013 of all stock market trading for NASDAQ securities. This halt lasted over three hours during the trading day and disrupted ...

Ira Michael Blonder
6 years ago

U.S. Financial Services Continue to Scramble for an Effective Operational Risk Management Methodology

Very large financial services businesses based in the United States continue to struggle as they seek to implement genuinely effective operational risk management methods to safeguard the integrity of mission critical applications. In late 2012 J.P. Morgan disclosed a substantial trading loss att...

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Ira Michael Blonder
6 years ago

Constraining Systems Administrators with a Two Man Rule May Not Solve Data Leak Problems

On Sunday, June 23, 2013, General Keith B. Alexander, Director of the U.S. NSA, publicly announced the implementation of a new control to manage the risk of another Edward Snowden emerging and absconding with classified information -- a "two man rule". We found a definition of this operational ri...

Ira Michael Blonder
6 years ago

Plan Operational Risk Management Procedures Correctly to Mitigate Risk from IT Systems

The "big data" "surveillance" brouhaha of June, 2013 illustrates an emerging problem with operational risk management procedures, and, specifically, IT audit and risk assessment. Mr. Snowden's possession of a top secret security clearance is at the heart of the brouhaha. If Snowden had not posses...

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Ira Michael Blonder
6 years ago