Spector CNE - Sarbanes Oxley Software

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 Software

 

 

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

Woodlands Securities

Software Helps Keep Company – and Employees -- Compliant

Similar to any company involved in the buying and selling of stocks, bonds, and other financial instruments, Woodlands Securities is overseen by four key regulators: the National Association of Securities Dealers (NASD), the Securities and Exchange Commission (SEC), the State Securities Board, and must comply with the Sarbanes Oxley Act.

“As a broker-dealer, we are required to review all electronic correspondence and maintain that correspondence for three years,” said Laura Hendricks, in charge of compliance at Woodlands Securities.

In the words of another financial services pundit: “What once was good business sense is now a legal requirement.”

 

“The rules and regulations of our industry require us to keep a log of all incoming and outgoing emails,” said McCullough. “Before we found a better way, we used Microsoft Outlook’s ‘rules’ to audit emails. That was the way we kept track of emails then, and tracking email still is the main consideration today.”

McCullough said that in searching for a program to better serve his company’s needs, he first polled others in the securities industry and found much of what was being used and offered cost “tens of thousands of dollars.”

Enter SpectorSoft PC activity monitoring software, as seen by McCullough in PC Magazine, considered by many to be the “bible” of all things related to the personal computer.

“I did a couple of tests and demos,” said McCullough. “I found Spector CNE to be what we needed, both in features and pricing.”

“All we did was monitor email until something came to our attention,” said McCullough. “An employee saw something on another employee’s monitor that shouldn’t have been there.”

McCullough said that as a courtesy, he spoke to the person responsible and suggested he “stop going there.” The individual, however, chose to be defiant, and continued to access the off-limits site.

“That person is no longer with us,” said McCullough. “Continuing to do that even after a warning is amazing … it’s unreal, is what it is.”

“Spector CNE has made a big difference all around,” said McCullough. “The price of most of the other industry compliance solutions was way out of our range. At one point I said ‘what are we going to do now?’ But I called SpectorSoft and started talking to the sales department and found that their products were full-featured and well within our budget.”

“I was especially impressed with the install notes and alerts along the way. I felt it was very well thought out … items of potential concern were brought to my attention before I had a chance to get into trouble.”

When it comes to return on investment, McCullough said Spector CNE’s impact was nearly immediate.

“Just one employee caught at one company paid for all 65 licenses at all five companies. Spector CNE is doing a lot … all we bought it for, PLUS.”

“Time to learn the program was quick,” said McCullough. “How quick? How about from 10 to 11 AM?”