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Business continuity information

Business continuity briefs:
1st April 2014

'Business continuity briefs' provides a summary of new product and services press releases and other useful resources published recently:

HHS releases security risk assessment tool to help providers with HIPAA compliance
A new security risk assessment tool to help guide US health care providers in small to medium sized offices conduct risk assessments of their organizations is now available from HHS.

The SRA tool is the result of a collaborative effort by the HHS Office of the National Coordinator for Health Information Technology (ONC) and Office for Civil Rights (OCR). The tool is designed to help practices conduct and document a risk assessment in a thorough, organized fashion at their own pace by allowing them to assess the information security risks in their organizations under the Health Insurance Portability and Accountability Act (HIPAA) Security Rule. The application, available for downloading at www.HealthIT.gov/security-risk-assessment also produces a report that can be provided to auditors.

Stratus Technologies to be sold to private equity firm
Stratus Technologies has announced that it has signed a definitive agreement to be acquired by an affiliate of Siris Capital Group, LLC, in a transaction valued at approximately $352 million.

Siris is a leading private equity firm focused on making control investments in data/telecommunications, technology and technology-enabled business service companies in North America.

By the terms of the agreement, it is contemplated that upon the closing of the acquisition, all of the outstanding principal amount of senior secured notes of Stratus will be called for redemption, at a redemption price of 112 percent plus accrued and unpaid interest through the redemption date, and all of the outstanding amounts under the senior secured revolving and second lien credit facilities of Stratus will be repaid in full. The closing of the acquisition is subject to certain customary closing conditions that are specified in the agreement, including the receipt of shareholder and regulatory approvals.

Siris has secured committed financing consisting of a combination of equity and debt. The equity financing will be provided by an investor group led by Siris and the debt financing will be arranged by SunTrust Robinson Humphrey, Inc. and Macquarie Capital (USA) Inc.


Sword Active Risk extends audit management capabilities with Active Risk Manager 7
Sword Active Risk has announced the availability of Active Risk Manager (ARM) 7, which significantly strengthens the product’s audit management offering. The new functionality makes it much easier for organizations looking to integrate their risk and audit functions with strong links between the risk and audit processes. In addition ARM 7 introduces more powerful report sharing facilities and has extended its range of supported operating systems to ensure continued performance, security and supportability. www.activerisk.com

Lieberman Software survey reveals that ‘government snooping is stopping cloud migrations’
A third of IT security professionals do not keep corporate data in the cloud because of fear of government snooping, with the majority of them preferring to store sensitive corporate data within their own networks, a new survey from privileged identity management vendor Lieberman Software Corporation reveals.

The survey was carried out at RSA Conference 2014 in San Francisco and looked at the attitudes of nearly 280 IT security professionals towards cloud security. It found that 80 percent of respondents prefer to keep more sensitive data stored within their company’s own network, rather than the cloud; while fear of government snooping discourages 33 percent of IT professionals from the cloud. Other findings from the survey revealed that cloud applications are also creating problems for IT security professionals, with 75 percent of respondents indicating that they cause security headaches for IT departments.


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Date: 1st April 2014 • Region: Various

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