Avivah Litan

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Archives for January, 2011


BAE acquisition of Norkom will give Actimize a run for its money

by Avivah Litan  |  January 14, 2011  |  Comments Off

I woke up this morning pleasantly surprised to read that BAE Systems is buying Norkom Group. The only financial information released so far is this: The offer is to acquire the entire issued share capital of Norkom for 2.10 per share in cash, which values the business at approximately 217 million Euros.” I was relieved, […]

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Get Ready for new U.S. bank IT Security Guidance from the FFIEC

by Avivah Litan  |  January 12, 2011  |  3 Comments

I participated in a meeting of the FFIEC IT Subcommittee today. Like the rest of the FFIEC, this subcommittee has key representatives from all of  the agencies regulating U.S. banks and credit unions – the Federal Reserve Board, FDIC, OCC, NCUA, and OTS, and was the body that issued the last FFIEC guidance on secure […]

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Identity proofing gone haywire at the DMV

by Avivah Litan  |  January 6, 2011  |  Comments Off

A good friend just went to the MD Department of Motor Vehicles to apply for a MD drivers license as she just moved from Kansas. She brought her certificate of birth, a copy of a couple bills sent to her new MD residence and her social security card. After waiting several hours in line she […]

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