[time-nuts] Article: Regulations focusing on backdating have prompted corporations to pursue technical solutions centered around time synchronization to eradicate the practice

Jared Morrisen jaredmorrisen at gmail.com
Thu Feb 22 15:31:29 UTC 2007


>>> And just how does this prevent someone altering the files's timestamp?

>>>Just ensuring that the computer clock is accurate, doesn't prevent anyone
from tampering with the file timestamps as well as the
documentation itself. Most, if not all, fixes using technology such as ntp
servers etc., can be circumvented.

Build a resilient timing infrastrucure, where the timestamps can be relied
on and are auditable.

there you have it!!!!


/jared

On 2/21/07, Chuck Harris <cfharris at erols.com> wrote:
>
> Dr Bruce Griffiths wrote:
> > Jared Morrisen wrote:
> >> Interesting piece...
> >>
> >> *Weak Enforcement of Corporate Governance and Lax Technical Controls
> Have
> >> Enabled the Illegal Backdating of Stock Options*
> >>
> >> *Conclusion*
> >> The backdating fiasco demonstrates that the need for synchronized time
> is a
> >> crucial business and technology requirement. As such, it is an integral
> part
> >> of an effective network and security architecture. Ensuring accurate
> time is
> >> relatively inexpensive and offers a significant ROI. And it is a great
> way
> >> to stop your company from getting negative press — not to mention to
> keep
> >> your management team from being indicted.
> >> _______________________________________________
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> >>
> >>
> > Jared
> >
> > And just how does this prevent someone altering the files's timestamp?
>
> It doesn't, it just means that congress is in session.
>
> My own experience with back dating involved a colleague that was leaving
> a vice-presidentship.  She had all sorts of stocks that she had acquired
> as a result of her tenure.   When she left, they tried to backdate the
> stocks to a time when performance was really bad.  It took some serious
> lawyer threats to get them to back down.
>
> -Chuck
>
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