Sarbanes Oxley Compliance - Spector CNE

Spector CNE (Corporate Network Edition)

Spector CNE is the world’s leading computer and Internet monitoring software.

Spector CNE can be configured and installed remotely FROM any computer on the network TO any computer on the network, and the recordings can be viewed from ANYWHERE on the network.

Spector CNE automatically captures and lets corporations review:

• Emails sent and received
• Chat conversations and instant messages
• Web sites visited
• Applications launched
• Keystrokes typed
• Peer-to-peer files downloaded
• VCR-like screen snapshots

Spector CNE provides immediate email alerts to notify the appropriate person or persons when specified key words or sensitive phrases appear in an email, chat, instant message, or on a web site visited.

Spector CNE - Sarbanes Oxley Compliance

 

 

The following excerpts are from a case study that examines the common challenges experienced by businesses in regards to the Sarbanes Oxley Compliance .

Unified Fund Services

Monitoring Software Key to Compliance for Mutual Fund Service

“Everything we say and do is subject to scrutiny. We are a company with a strong compliance mindset. We have very strict policies over dissemination of information … what can and can’t be said. We also have to work with the Privacy Policies of the various Mutual Funds.”

Key industry overseers and regulatory concerns include the SEC (Securities and Exchange Commission), NASD (National Association of Securities Dealers), the GLBA (Gramm-Leach-Bliley Act), and the Sarbanes-Oxley Act.

“Largely because of the late trade and market timing accusations surrounding the mutual funds industry, the SEC became more aggressive about emails,” said Milton. “Monitoring of email became key. Compliance officers need to check EVERYTHING in an email … they look for certain keywords."

“That’s when I came across SpectorSoft,” said Milton. “From what I have seen, Spector CNE offered the most robust solution with ease of maintenance. I have 80-plus workstations and I wanted to easily update and deploy changes."

“Spector CNE not only monitors the web but email, applications, and the time and date of these things,” said Milton. “Plus, there’s the screenshots. If I get an email alert based on my keywords, Spector CNE’s screenshots give me the ability to get to the bottom of what might be a serious violation.”

“I handle the details of our cyber insurance policy, and the monitoring software is one of the topics of discussion,” said Milton. “Adding Spector CNE may be a positive for our premiums … there may be a discount coming."

“Spector CNE is very well documented, easy to learn and use,” said Milton. “I played with it for a couple of weeks, saw what I could see, then I worked on a keyword list for the alert feature. Keywords are essential to making sure email conversations with shareholders are compliant.”

“It’s inexpensive insurance,” said Milton. “When you consider the liability and risk factor … it only takes one event … one lawsuit … to go over the cost of licensing.

“We’ve had benefits from day one."