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ACL Provides GE Capital Australia and New Zealand with Improved Data Leakage Detection

ACL Provides GE Capital Australia and New Zealand with Improved Data Leakage 
Detection 
Lender Tackles Big Data with ACL 
VANCOUVER, Canada, Nov. 20, 2012 /CNW/ - ACL, the technology company that is 
transforming audit and risk management, announced today that GE Capital 
Australia and New Zealand has implemented ACL technology to improve its data 
leakage detection capabilities. As a result, GE Capital has been able to 
identify potential unauthorized activity, such as data copying by 
non-authorized users or exiting employees. 
Data leakage risk is a significant issue for consumers, companies and 
governments alike. According to the 2011 Global Cost of Data Breach Study[1], 
costs of data breaches vary depending upon the type of data breach and the 
country's regulatory landscape, ranging from a high of $5.5 million in the 
U.S. to a low of $1.1 million in India, reaching $2,270,862 in Australia in 
2011. Rapid technological changes and growing data volumes further complicate 
both internal and external exposure threats. 
GE Capital is one of the largest lenders in Australia and New Zealand. It is 
part of the global GE business, a diversified technology and financial 
services company. The Information Security Team at GE Capital Australia and 
New Zealand receives a number of large weekly log files from the security 
software program implemented by GE Capital headquarters. The team, however, 
could only perform a limited review of the data with manual analysis 
techniques and spreadsheet software. 
The Internal Audit department sought a more efficient way to analyze the log 
files using data analysis. They applied ACL data analytics software to 
automate security log analysis. The analytics generate daily and weekly 
exception reports to identify potential unauthorized and unusual data copying 
activity for deeper investigation. 
"GE Capital Australia and New Zealand achieved improved data leakage detection 
and protection capabilities through the use of ACL technology," said Arnold 
Mendoza, IT Internal Audit Manager at GE Capital and winner of a 2011 ACL 
Impact Award for Most Innovative Use. "The IT and Senior Management team was 
impressed with the additional level of control and analysis that the ACL 
solution provided; as well as the ability to directly and efficiently access 
the data." ACL technology has significantly reduced the time and effort 
required to analyze the large security logs. 
"With an international customer base that includes 89 percent of the Fortune 
500 companies and more than two-thirds of the Global 500, ACL is a trusted 
source for businesses that face important financial audit issues on an 
international scale," said Laurie Schultz, President and CEO of ACL. "Many of 
the world's best-known companies recognize data leakage protection as an 
integral part of business processes and regulatory compliance initiatives." 
Schultz will be presenting at a series of events for Chief Audit Executives 
this week in Melbourne and Sydney hosted by ACL's Australia and New Zealand 
partner, The Satori Group. 
To read the full GE Capital Australia and New Zealand case study, visit 
www.acl.com/ge 
Supporting resources: 


    --  To learn more about ACL Desktop, visit
        www.acl.com/analytics
    --  To read the latest on business assurance, compliance, risk,
        fraud detection, and internal audit, visit the ACL Blog:
        www.acl.com/blog
    --  Follow
        @ACLServices
        on Twitter
    --  Like ACL Services on Facebook
        www.facebook.com/ACLServices

About ACL  ACL delivers technology solutions that are transforming audit and 
risk management. Through a combination of software and expert content, ACL 
enables powerful internal controls that identify and mitigate risk, protect 
profits, and accelerate performance.

Driven by a desire to expand the horizons of audit and risk management so they 
can deliver greater strategic business value, we develop and advocate 
technology that strengthens results, simplifies adoption, and improves 
usability. ACL's integrated family of products—including our cloud?based 
audit and compliance management solution and flagship data analytics 
products—combine all vital components of audit and risk, and are used 
seamlessly at all levels of the organization, from the C?suite to front line 
audit and risk professionals and the business managers they interface with. 
Enhanced reporting and dashboards provide transparency and business context 
that allows organizations to focus on what matters.

And, thanks to 25 years of experience and our consultative approach, we ensure 
fast, effective implementation, so customers realize concrete business results 
fast at low risk. Our actively engaged community of more than 14,000 customers 
around the globe—including 89% of the Fortune 500—tells our story best. 
Here are just a few. Visit us online at www.acl.com.

[1] 2011 Global Cost of Data Breach Study, issued in March 2012 by Ponemon 
Institute and Symantec Data

Jacqui Wilder, Stanton Public Relations & Marketing, +1-646-502-3538, 
jwilder@stantonprm.com

http://www.acl.com

SOURCE: ACL

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CO: ACL
NI: CPR ELE CPR SOF FIN ORDER 

-0- Nov/20/2012 15:01 GMT


 
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