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Huge poll tax ‘bill’ for ICL
November 1994
report makes it clear that earlier r e c o m m e n d a t i o n s made by the Audit Commission in 1991 in its Survey of Computer Fraud and Abuse were not heeded by large sections of management and that firm steps must be taken to address the shortfall in control. The IIA-UK welcomes the opportunity of working together with the Audit Commission in educating management, in both the public and private sector, about the necessity for internal audit in countering fraud.
Lloyds Bank network crash
Computer Audit Update
The estimate was several thousands out and resulted in reduced central Government funding and the undercharging of its local poll tax payers. Although the fault was soon corrected the council lost more than £1.3 million. A similar claim for £1 million by Surrey Heath District Council against ICL over a flawed Unix version of ICL's council tax package will be strengthened by the St Albans result. The High Court judgement may also encourage a string of claims against ICL from other local councils. Those considering suing ICL for compensation following alleged ICL software problems include the London Boroughs of Lambeth and Southwark, and Staffordshire Moorlands District Council.
Essential services for LIoyds Bank's six million customers were disrupted for nearly two days recently when the bank's branch computer network crashed. Lloyds Bank maintain that the fault was due to a manual error at its main datacentre that lasted only a couple of hours and just affected the bank's automated teller machine network. Staff at several branches contradicted these claims saying that they were unable to deliver essential services to customers, including the update of overnight balances and the paying out of foreign currency for up to two working days after the crash, reports Computer Weekly.
The National Association of Securities Dealers (NASD) recently outlined plans it may take to reduce the chances of further system outages on the Nasdaq Stock Market, reports The Wall Street Journal
The Lloyds network operates through a centralized IBM shop where it is unlikely that crashes of this magnitude should happen and it is unclear at present why the bank's contingency planning failed. Mike Jones, from consultancy Macintosh Jones, claimed that it was not possible that a crash on this scale was due to a manual error but added that "if it can achieve this, just imagine how much one fraudulent individual can do."
The plans have been drawn up in response to a series of alleged unpreventable problems that occurred during the summer at the stock market, leading to many hours of delay in trading. The safeguard proposals include increasing computer capacities and staff expertise at its Rockville, USA backup site, improving diagnostic abilities to identify problems faster, and rotating staff between the main and backup Nasdaq operating sites.
Huge poll tax 'bill' for ICL
Software bug knocks out Asian phone network
St Albans City Council has recently won a four-year court battle worth £1.3 million against ICL for supplying faulty software reports Computing. The Comcis software was bought from ICL by the council for administering the poll tax in April 1990 but bugs in an early mainframe version led to the overestimation of St Albans' eligible poll tax payers.
©1994 Elsevier Science Ltd
Nasdaq plans preventative action against further outages
A computer problem led to the loss of local and international telephone services in Singapore reports The Wall Street Journal The predominantly government owned Singapore Telecommunications Ltd lost an estimated $0.5 million due to a problem with software in the
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report makes it clear that earlier r e c o m m e n d a t i o n s made by the Audit Commission in 1991 in its Survey of Computer Fraud and Abuse were not heeded by large sections of management and that firm steps must be taken to address the shortfall in control. The IIA-UK welcomes the opportunity of working together with the Audit Commission in educating management, in both the public and private sector, about the necessity for internal audit in countering fraud.
Lloyds Bank network crash
Computer Audit Update
The estimate was several thousands out and resulted in reduced central Government funding and the undercharging of its local poll tax payers. Although the fault was soon corrected the council lost more than £1.3 million. A similar claim for £1 million by Surrey Heath District Council against ICL over a flawed Unix version of ICL's council tax package will be strengthened by the St Albans result. The High Court judgement may also encourage a string of claims against ICL from other local councils. Those considering suing ICL for compensation following alleged ICL software problems include the London Boroughs of Lambeth and Southwark, and Staffordshire Moorlands District Council.
Essential services for LIoyds Bank's six million customers were disrupted for nearly two days recently when the bank's branch computer network crashed. Lloyds Bank maintain that the fault was due to a manual error at its main datacentre that lasted only a couple of hours and just affected the bank's automated teller machine network. Staff at several branches contradicted these claims saying that they were unable to deliver essential services to customers, including the update of overnight balances and the paying out of foreign currency for up to two working days after the crash, reports Computer Weekly.
The National Association of Securities Dealers (NASD) recently outlined plans it may take to reduce the chances of further system outages on the Nasdaq Stock Market, reports The Wall Street Journal
The Lloyds network operates through a centralized IBM shop where it is unlikely that crashes of this magnitude should happen and it is unclear at present why the bank's contingency planning failed. Mike Jones, from consultancy Macintosh Jones, claimed that it was not possible that a crash on this scale was due to a manual error but added that "if it can achieve this, just imagine how much one fraudulent individual can do."
The plans have been drawn up in response to a series of alleged unpreventable problems that occurred during the summer at the stock market, leading to many hours of delay in trading. The safeguard proposals include increasing computer capacities and staff expertise at its Rockville, USA backup site, improving diagnostic abilities to identify problems faster, and rotating staff between the main and backup Nasdaq operating sites.
Huge poll tax 'bill' for ICL
Software bug knocks out Asian phone network
St Albans City Council has recently won a four-year court battle worth £1.3 million against ICL for supplying faulty software reports Computing. The Comcis software was bought from ICL by the council for administering the poll tax in April 1990 but bugs in an early mainframe version led to the overestimation of St Albans' eligible poll tax payers.
©1994 Elsevier Science Ltd
Nasdaq plans preventative action against further outages
A computer problem led to the loss of local and international telephone services in Singapore reports The Wall Street Journal The predominantly government owned Singapore Telecommunications Ltd lost an estimated $0.5 million due to a problem with software in the
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