Announcements

Hot On The Trail - Six Sigma Forum Magazine, November 2017

Software-aided audit method helps detect accounting fraud

This article by our own Scott Jones was recently published in Six Sigma Forum. It demonstrates the use of IDEA for data analytics and its value as a new tool for Six Sigma Black Belts. The paper emphasizes the value of working with large data populations in situations where the exceptions may be the significant events.


Key Performance Initiatives announces its Integration Partnership with Audimation Services.

Data Analytics

Use of Data Analytics in Audits is Increasing

Accounting Today recently published an article "Auditors see increased demand for data analytics. It discusses the increasing use of data analytics as a best practice in audits. It includes a survey by Protiviti which shows that over 70% of respondents indicate that their use of data analytics is increasing, and yet only 20% are satisfied with the quality of the data they receive. 

Quality Progress- Big Data Issue

The September 2017 issue of Quality Progress highlights Big Data. There are 3 feature articles on the impact of Big Data. One article states, "Advanced analytics tools are an excellent addition to the lean Six Sigma toolkit, and it is time to take advantage of intelligent QMSs to take organization to the next level." Areas where advanced tools would be beneficial include:

  • Data collection (internal, external, structured, unstructured, and semi-structured.
  • Data fusion
  • Data mining
  • Text mining
  • Statistical Data Analysis
  • User-friendly tools and models

It is our opinion that IDEA would be an excellent addition to the Six Sigma toolkit. It can address all of the bullets above, and it can be used to take unstructured data, clean it up and convert it to structured databases that can be exported to MiniTab for additional statistical analysis.

Free Video: Webinar on Data Analytics

This 3-part webinar provides an introduction to the use of data analytics. This was produced with the assistance of our friends at CaseWare Analytics.

Cybersecurity

Apple IOS/OSX Cyber Threat

Fox Business reports that Apple issued a new warning after a new hacking threat.  The tech giant says there is a new cyber threat, but has taken steps to thwart the attack.

http://www.foxbusiness.com/features/2017/07/24/apple-warns-cyber-threat-could-wipe-out-iphones-issues-fix.html

Russian Espionage Group Planning Mac Attacks

Snake cyberespionage malware is ready to bite Mac users

A sophisticated Russian cyberespionage group is readying attacks against Mac users and has recently ported its Windows backdoor program to macOS.

http://www.networkworld.com/article/3194807/security/snake-cyberespionage-malware-is-ready-to-bite-mac-users.html

Quick Takeaways from the 2017 DBIR

  • Be vigilant
  • Make people your first line of defense
  • Only keep data on a "need to know" basis
  • Patch promptly
  • Encrypt sensitive data
  • Use 2-factor authentication
  • Don't forget physical security

Does Your Organization’s Cyber Culture Make You #Wannaaudit?

IIA Chairman Richard Chambers analyzes the recent Wannacry cyber attack and ties it to the lessons learned from the Verizon DBIR. "First, the perpetrators relied on simple phishing to introduce the virus through an email attachment..." Sound familiar?

https://iaonline.theiia.org/blogs/chambers/2017/Pages/Does-Your-Organization’s-Cyber-Culture-Make-You-Wannaaudit.aspx

Verizon Data Breach Incident Report 2017

Verizon has published its 2017 Data Breach Incident Report (DBIR). This is a valuable document for your Information Security risk assessment. It provides statistics on the perpetrators of data breaches, their tactics, victims, and other risk and vector indicators. You can download the executive summary or the full report at: 

http://www.verizonenterprise.com/verizon-insights-lab/dbir/2017/

Past Events

William M. Thompson Memorial Golf Tournament

Key Performance Initiatives, Inc., is proud to have sponsored of the first annual William M. Thompson Memorial Golf Classic, benefiting Union Gospel Mission of Dallas.