Under the Radar: Oversight - Compliance company with CEO Patrick Taylor

10:10 | Admin | Nov 26th, 2005 7:05pm |

Oversight Systems was founded to ensure confidence in the integrity and accuracy of financial reporting and underlying transactions. As pioneers in information security and veterans of IT audit, we found it ironic that while over half of all financial losses due to computer incidents occur on the inside of companies, little progress has been made to address this problem over the last 20 years outside of forward-looking internal controls approaches. We wondered why Management, Boards, and Shareholders were forced to trust that authorized people were only performing authorized activities. We wondered why the Association of Certified Fraud Examiners (ACFE), KPMG, and Ernst & Young in separate fraud studies showed rising trends in the incidences of fraud. In interviews with nearly 100 public company CEOs and CFOs we learned of their challenges in balancing operational imperatives and efficiencies with the controls and safeguards necessary for good governance. We also learned of the challenges of achieving this while also complying with the new realities required by the Sarbanes-Oxley Act of 2002 (SOA).

Patrick Taylor – CEO of Oversight
Mr. Taylor is recognized as a leader in the convergence of controls monitoring, information security and the implementation of technology to boost corporate governance. As CEO of Oversight Systems, Patrick is responsible for understanding customer needs for operational governance and making sure those needs are met in Oversight’s product development. Patrick recognized that most IT security and financial system controls focus on user access and role management but don’t address the need to understand the integrity of what people do in their authorized roles and activities. After speaking with executives from across the country, Patrick launched Oversight Systems to pioneer the concepts and technology for transaction integrity monitoring.

As a thought leader in continuous monitoring, Patrick has spoken at several compliance and audit industry conferences from organizations, such as the Institute of Internal Auditors and the Association of Certified Fraud Examiners. As a respected information security industry insider who served in various product management and strategic marketing roles with Internet Security Systems and Symantec, Patrick is a frequent speaker at conferences, such as RSA, Networld + Interop, Comdex, NetSec and the Goldman Sachs Information Technology Conference.

In addition to his previous experience with ISS and Symantec, Patrick worked in leading roles with ORACLE, Red Brick Systems, GO, Air2Web and Fast-Talk. Patrick has a Bachelor of Mechanical Engineering with honors from the Georgia Institute of Technology and a MBA from the Harvard Graduate School of Business Administration.

This entry was posted on Saturday, November 26th, 2005 at 7:05 pm and is filed under PodTech, Technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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