Oracle Audit Vault 10.2.3 Released!

With this latest release, Oracle Audit Vault customers can now also monitor Microsoft SQL Server databases. Oracle has announced the general availability of Oracle Audit Vault Release 10.2.3. This latest release of Oracle Audit Vault now collects audit data from Microsoft SQL Server 2000 and 2005, in addition to Oracle Databases, addressing the lack of a Microsoft solution for enterprise database auditing and activity monitoring.

"Oracle Audit Vault 10.2.3 allows organisations to turn database audit data into mission-critical business intelligence for enabling enterprise security and regulatory compliance," said Vipin Samar, vice president, database security, Oracle.

With Oracle Audit Vault, audit data is automatically consolidated into a secure and centralised repository based on Oracle's data warehousing technology, and analysed in real-time against enterprise-defined policies. Any unauthorised activities can be immediately detected using Oracle Audit Vault's dashboard alerts capabilities.

Oracle Audit Vault also features built-in and customisable reports to address the need for reliable compliance reporting for regulations such as the Sarbanes-Oxley (SOX) Act, the Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry (PCI) Data Security Standard (DSS). This latest release introduces additional pre-built reports, and now captures before-and-after changes to sensitive data to help organisation save time and costs related to compliance reporting, says the company.

Oracle Audit Vault 10.2.3 delivers improved reporting capabilities such as filtering audit data, highlighting rows with condition values, as well as generating charts and graphs. Custom reports can be saved and shared within the enterprise or with external auditors. It also increases privileged user monitoring by auditing Oracle Database Vault.

Oracle Audit Vault 10.2.3 is priced at $57,500 per processor and the Oracle Audit Vault Collection Agent for Microsoft SQL Server or Oracle Databases is available for $3,500 per processor.

Source: www.efytimes.com

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Oracle's Ellison spanked for withholding evidence in shareholder suit

A federal judge has upbraided Oracle CEO Larry Ellison for withholding evidence in a class-action suit brought by company stockholders.

Yesterday, Bloomberg reports, US District Court Judge Susan Illston ruled that Ellison failed to preserve or intentionally destroyed emails and audio recordings that should have been turned over to the suit's plaintiffs. She stopped short of sanctioning the world's fourteenth richest man, but she did say that jurors should assume the missing evidence would have the boosted the stockholders' case.

According to Illston's ruling - provided here (PDF) by the Wall Street Journal - Ellison was obligated to preserve his emails after the suit was filed in March 2001. But in the end, he gave the court only 15 messages.

Ellison and his Oracle co-defendants did produce 1,650 Ellison emails from the files of other company employees. But the judge says this merely muddied the waters.

"It could have been helpful to plaintiffs to demonstrate that certain emails were discovered in Ellison's files," Illston wrote. "Otherwise, for instance, Ellison could argue that he never actually read or received an email that was sent to him, and thus had no knowledge of its contents.

"Moreover, having established with certainty that numerous emails were not produced from Ellison's email files - because the emails were produced from other files or accounts - it is impossible to know whether additional unproduced emails were also deleted or not turned over."

The defendants also requested 135 hours of Ellison interviews recorded by Matthew Symonds, author of the book Softwar: An Intimate Portrait of Larry Ellison and Oracle. But, says the judge's ruling, Symonds asked a computer repair shop to destroy the laptop storing the interviews.

Ellison did hand over some transcripts of the interviews, but none from 2001. With their suit - originally brought by the Nursing Home Pension Fund - shareholders accuse Oracle, Ellison, and other execs of falsifying financial results for the company's 2001 second and third fiscal quarters.

"The court believes it is appropriate to infer that the e-mails and the Softwar-related materials would demonstrate Ellison's knowledge of, among other things, problems with the [Oracle software] Suite 11i, the effects of the economy on Oracle's business and problems with defendant's forecasting models,'" Illston said.

Trial in the case is scheduled for March. Ellison settled a similar shareholder suit in 2005, donating $100m to charities and forking over $22m in attorney fees.

Author: Cade Metz @ www.theregister.co.uk

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Oracle chief needs to help Portola Valley schools

As school resumes across the Bay Area, Anne Campbell has more than the usual number of challenges to juggle this year.

The superintendent of the Portola Valley School District went into this academic year facing a $1 million budget shortfall in the planned $11 million budget for the 2008-09 academic year.

"That's a pretty substantial hit," Campbell said.

A big chunk of that shortfall can be blamed on the housing meltdown. The fall in property taxes zapped about $700,000 from the district, which consists of just two schools. There's nothing anyone could have done about that.

But what of the other $300,000? For that, the district can thank Larry Ellison, Oracle's chief executive. And unlike the property tax problem, this is something that can be fixed. As the nation's highest-paid CEO, Ellison should dip into his bottomless bank account and donate at least twice that amount to his local school district.

It's not just that Ellison is fantastically rich. For someone such as Ellison who has benefited more than most people from all that society has to offer, we should expect more in return.

Let's review how things came to this point.

Ellison spent years building a Japanese-style estate on 23 acres in Woodside. And for several years, Ellison has been appealing the county's assessment of his property.

In a nutshell, Ellison argued that because of the estate's distinct architectural style, it's worth far less because it would be far less appealing to any potential buyer. The San Mateo County Assessment Appeals Board agreed.

The board lowered the property's assessed value from $173 million in 2007 to $69.7 million in 2008. That is expected to cut Ellison's estimated tax bill from $1.86 million in 2007 to $751,041. And as icing on the cake, the board also ruled that the county owed Ellison a $3 million refund for taxes paid since 2004.

That brings us back to Portola Valley. The district consists of just two schools, K-3 and 4-8. Over the past few months, Campbell said, the district has been struggling to figure out how to deal with the double whammy of the housing crunch and Ellison reassessment.

The solution it is using is a temporary one. The district cut about $500,000 in expenses, primarily by whacking the equivalent of four jobs and nipping and tucking several other parts of the budget. The district then chipped in $333,333 from a reserve fund. And the Portola Valley Schools Foundation, which is funded by parents and the community, raised $165,515.

That problem is that the last two items are one-time funding solutions. The district will already start the 2009-10 year about $500,000 in the hole.

Now, Ellison isn't responsible for all of these funding problems. And yes, the assessment board agreed with his case. He's made his point. Now he should do the right thing and write a check for $600,000 to cover his portion of the shortfall for this year and next while the district finds a long-term solution.

I don't think I'm being unusually harsh in arguing that the last person in Silicon Valley who needs or deserves such a windfall is Ellison. But as if to emphasize my point, just last week in a securities filing Oracle disclosed that the company paid its founder $84.6 million in the fiscal year ending in May. That doesn't count the $544 million Ellison pocketed from selling Oracle stock over the past year.

Ellison's 38 percent raise has triggered outrage among some Oracle shareholders, as well it should. One group has submitted a proposal that would give shareholders more say over executive pay packages at Oracle. It will be voted on at the company's annual meeting Oct. 10. I don't expect it will pass. And even if it does, I assume Ellison and the company would ignore it.

But as long as Ellison continues to treat Oracle as his personal piggybank, the least he can do is send $600,000 of his pocket change to help the Portola Valley schools.

Author: Chris O'Brien @ www.mercurynews.com

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