Bindview (NASDAQ:BVEW)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Bindview Charts. Click Here for more Bindview Charts.](/p.php?pid=staticchart&s=N%5EBVEW&p=8&t=15)
Committed to helping organizations efficiently manage IT
security compliance, BindView Corp. (Nasdaq:BVEW) announced today that
market research firm IDC has determined that deployment of BindView
solutions to automate manual compliance tasks can shrink compliance
costs by 50 -- 90 percent. Based on extensive research and interviews
with corporate customers, IDC attributes the significant cost
reductions to BindView's leading process automation capabilities for
internal IT controls, a key element for defining, controlling and
sustaining IT security compliance requirements.
The IDC white paper titled "Using Security Compliance Software to
Improve Business Efficiency and Reduce Costs," outlines specific
security and compliance management methodologies for demonstrating due
care in today's multi-regulatory environment. BindView solutions
significantly reduce the number of man-hours required for supporting
compliance requirements with the utilization of a solid IT control
architecture, strong policies and software that manages, automates and
reports on the status of enterprise compliance.
"Maintaining compliance is a legal necessity for many enterprise
organizations, but costs continue to mount, and compliance and
security executives struggle with the onslaught of new regulations,"
said Chris Christiansen, IDC's Vice President for Security Products &
Services. "In today's regulatory environment, organizations must
automate processes for internal IT controls using strong policies and
best practices. Our comprehensive research, including interviews with
enterprise and mid-size organizations, found employing BindView
solutions reduces the cost and complexity of compliance."
"Global IT organizations face burgeoning costs in meeting the
growing number of security compliance requirements," said BindView
Senior Vice President of Worldwide Marketing Steve Kahan. "IDC clearly
delineates the cost savings benefits of deploying BindView solutions,
which are targeted at solving the most labor-intensive and complex IT
controls-related compliance challenges that organizations must
undertake. By mapping mandates to frameworks and best practices,
BindView helps organizations simplify the due diligence audit process
and dramatically cut costs."
In the white paper, IDC cites BindView's methodology for logically
structuring enterprise systems by applying a standard set of
recognized policies to the regulations, creating a best-practices
framework that may be implemented across the infrastructure. Using
this methodology, organizations are able to define, control and
sustain IT compliance requirements, with the best degree of cost
containment.
Highlights from the IDC White Paper
According to IDC, a properly deployed packaged solution such as
BindView's should significantly reduce the cost of compliance through
the reduction of time spent on manual tasks, allowing employees to
focus on more strategic IT projects. The report offers prescriptive
guidance for meeting audit due care requirements:
-- Documentation, monitoring and management of the compliance
control architecture should be based on a recognized framework
such as ISO 17799, COBIT or COSO.
-- A documented, repeatable methodology should automate and
integrate most manual processes.
-- Compliance policies and controls should be implemented based
on accepted standards, with configuration settings mapped to
IT policies across the entire infrastructure.
-- For demonstrating due care and sustaining compliance, the
methodology should include automated procedures that
continuously monitor and report on the compliance posture,
accompanied by remediation recommendations.
Overall, containing the costs associated with responding to
regulatory requirements is becoming a critical component for
enterprise IT organizations. By deploying an automated IT control
architecture, organizations can significantly reduce the amount of
time and energy spent on manually managing processes. Additional cost
reductions can be realized with the use of packaged solutions, such as
BindView's, instead of a homegrown or custom application. By deploying
BindView solutions, organizations can automate manual tasks to
complete IT compliance and dramatically reduce the total cost of
compliance.
To view the complete IDC white paper, please visit:
http://www.bindview.com/Customers/CostEffCompl.cfm.
About BindView
BindView Corporation is a global provider of IT security
compliance software. BindView solutions remove barriers that limit an
organization's ability to cost effectively demonstrate due care and
maintain compliance with IT security policies and regulatory mandates.
BindView policy compliance; vulnerability and configuration
management; and directory and access management software combine
best-practices knowledge with automated controls to reduce risk and
protect IT assets at the lowest cost across users, systems,
applications and databases in multi-platform environments. More than
20 million licenses have shipped to 5,000 companies worldwide,
spanning all major business segments and the public sector. Contact
BindView via e-mail at info@bindview.com, on the web at
http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439.