Daily Archives: June 22, 2016, 1:11 pm

SEC’s IT Security Under Attack as It Attacks Others | McGuireWoods LLP

The Inspector General (IG) of the U.S. Securities and Exchange Commission (SEC) reported last week that the SEC has not sufficiently implemented information technology security upgrades in order to protect highly sensitive information from data breaches. The IG reported that SEC officials failed to deactivate idle user accounts, did not ensure that owners kept their systems performing consistently, and failed…

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Compliance fail: Chinese bank employees publicly spanked for poor performance | Compliance Week

A disturbing video of a Chinese bank’s effort to improve employee performance — through public, violent spankings of employees — was posted yesterday in a BBC article. The video, which will make even the most hardened U.S. compliance officer cringe, shows a line of employees from Changzhi Rural Commercial Bank being subjected to an awful “team-building” workshop in which a corporate trainer spanks them…

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