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Latest News » All Fraud / Identity Theft News » ZyLAB Offers Risk Assessment Tools for Organizations Preparing for the Impending UK Bribery Act


ZyLAB Offers Risk Assessment Tools for Organizations Preparing for the Impending UK Bribery Act
Identify Potential "Hot Spots" Around the World and Long-term Information Management Protocols to Address Before the Law Goes into Effect

MCLEAN, VA, March 10, 2011 /24-7PressRelease/ -- ZyLAB, a leading provider of eDiscovery and Information Management solutions, today released its 8-Point Risk Assessment guide for organizations that are evaluating whether they have "adequate procedures" in place to prevent bribery. The 8-Point guide can be used independently to reveal potential weaknesses in information management protocol, or it can be used in combination with the ZyLAB Compliance & Litigation Readiness System to identify potential "hot spots" that warrant proactive steps to foster compliance with the Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act.

"Because the UK Act will be applied on an extraterritorial basis to offenses by UK citizens or commercial corporations that have a business connection to the UK, this is a good time for companies within its ambit to target and prioritize problem areas and consider whether they have 'adequate procedures' in place to prevent bribery," said Mary Mack, Esq., enterprise technology counsel for ZyLAB. "We can help organizations gauge the effectiveness of their information compliance programs for the future. We offer pattern or sentiment analysis and extraction to pinpoint specific locations that may require closer attention."

While the 8-Point Risk Assessment yields a roadmap for optimizing enterprise information management protocols, the ZyLAB Compliance & Litigation Readiness System provides a deep dive into actual enterprise data including the content of contracts, e-mails, voicemails and Tweets; the origination of that data can be plotted on a Google Map to help detect the branches, divisions, subsidiaries, or partners engaged in potentially risky activity.

"Even if a client doesn't know what words or names to look for, if they can articulate a concept, they can initiate a productive search with ZyLAB," continued Mack. "For example, we will retrieve all data that matches the pattern of 'somebody giving something to someone.'"

Under the impending UK Bribery Act, global companies with business connections to the UK will turn to technology to help them monitor ESI thoughout the company. This may involve sampling key custodians, active keyword or concept searching, or looking for patterns in the data which may suggest a violation. ZyLAB eDiscovery and information management software products can achieve those goals.

The free and self-administered "8-Point Inspection Guide" can be downloaded from the ZyLAB website. For a customized, confidential assessment or to pinpoint potential "hot spots" among your global operations, please call ZyLAB at 1-866-995-2262 ext. 827 or email us at info@zylab.com.

Press Release Contact Information:

Brenda Mahedy
ZyLAB
Director of Marketing, US
7918 Jones Branch Drive, Suite 530
McLean, VA
USA 22101
Voice: 866-995-2262
Website: Visit Our Website

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