Articles

with contributing authors Garylene D. Javier and John Georgievski Despite all the significant privacy safeguards ushered in by the CCPA, additional legislation is in the works in the form of the California Privacy Rights Act of 2020. Attorneys from Buckley LLP discuss how the acts differ and what businesses need to know to stay compliant....

With the emergence of the COVID-19 virus and social unrest, most organizations face an uncertain future. There are exciting market opportunities as well as emerging threats. Protiviti’s Jim DeLoach asserts that, with disruptive change the norm, directors and executives must ask a fundamental question: “are we future ready?” “Future ready” is a term that takes...

With normal, day-to-day business processes interrupted and organizations increasingly adopting cloud infrastructure services, the GRC landscape is rapidly changing. LogicGate CEO Matt Kunkel offers predictions based on changes he’s seen within risk and compliance management this year. Things in governance, risk, and compliance (GRC) change really quickly. And if you throw in the fact that...

New Service Translates Security Risk Exposure for Areas Like Cloud, M&A and Remote Work into Financial Terms Cambridge, MA (September 22, 2020) – IBM (NYSE: IBM) Security today announced a new risk-based service designed to help organizations apply the same analytics used for traditional business decisions to cybersecurity spending priorities. IBM’s new Risk Quantification Services...

Survey respondents express lack of confidence in anti-corruption programs and due diligence processes; one-third of respondents say aspects of remote working will increase corruption risk NEW YORK (September 22, 2020) – AlixPartners, the global consulting firm, today released its annual Global Anti-Corruption Survey, which focuses on the challenges faced by global businesses when managing corruption...

In her role as co-host of the Great Women in Compliance Podcast, Mary Shirley has met a lot of the greats. Here, she offers perspective on what it is that sets these women apart. (And stay tuned for the Great Women in Compliance book, due out this fall, from Mary and Lisa Fine!) Over the...

Kroll’s Jordan Strauss, Mariellen Davies-DeMarco and Alyssa Heim discuss what they view as the most significant threats to good governance and offer suggestions on how best to mitigate these risks. The worst pandemic in over 100 years. A frail global supply chain. The temporary reduction in global government investigations and enforcement. For most firms, the...

The International Compliance Association (ICA) and ITN Productions Industry News have co-produced “Compliance: the new decade” a series of reports addressing the role of the compliance professional and the latest insights, challenges and opportunities for business growth. Anchored by Michael Underwood, the new-style program will explore the vital role of regtech in accelerating compliance efficiencies;...

In the last six months, practically everything has gone digital, creating a mountain of new digital data for fraudsters to mine. Sujata Dasgupta discusses the rise in dynamic-biometrics-based identity verification, the next step in fraud prevention for the financial services industry. The world today is powered by digital technologies, from financial services to health, entertainment,...

The centralized offering eliminates the burden of ESG reporting and provides a complete view of the organizations’ performance ATLANTA (September 16, 2020) – IsoMetrix, a global EHS software leader, today announced the launch of a new environmental, social and governance (ESG) solution. Designed to help organizations effectively understand and manage their ESG performance, the solution...

Nasdaq Automated Investigator to address gap in anti-money laundering (AML) investigations process NEW YORK (September 16, 2020) – Today, Nasdaq (Nasdaq: NDAQ) announced the launch of the cloud-deployed Nasdaq Automated Investigator for AML, the first automated solution for investigating anti-money laundering (AML) for retail and commercial banks and other financial institutions. Designed, built and offered...

As the pandemic continues to take its toll on the economy and on the wider world, corporations have been forced to change the day-to-day at all levels; the crisis has particularly altered the longstanding relationship between boards and management. Dottie Schindlinger and Kira Ciccarelli from The Diligent Institute detail this shift and how it might...

The OCC’s latest guidance on cryptocurrency marks a major step forward. Brandi Reynolds explains what Interpretive Letter 1170 means for banks and the benefits it promises for the world of cryptocurrency. On July 22, 2020, the Office of the Comptroller of the Currency (OCC) established Interpretative Letter 1170, which clarifies the national banks’ authority to...

Cyberattacks cause great harm to the business world due to their evolving nature, and it is expected that cyberattacks will cost businesses $6 trillion worldwide next year. Keepnet Labs reveals its latest research on the most vulnerable sectors and internal departments affected by cyberattacks. While cyber attackers chase down system vulnerabilities and valuable data each...

Yesterday's marathon of break-out sessions concluded at 5 p.m. with a virtual "happy hour" of sorts that included a BYOB webcast of a piano-playing singer pounding an electric keyboard, strumming a guitar and taking song requests via chat stream from his (impressively tidy) bedroom. If it sounds a little weird, it was. But it also...

Behavox’s Alex Viall explores differing views toward adopting cloud-hosted software by financial services companies in the U.S and EU. Alex examines regulatory and cultural differences, predicts consequences, and suggests an alternate path forward for an industry always striving to remain competitive. Over the past decade, software-as-a-service (SaaS) solutions have become all the rage. Or so...

Volkswagen has paid dearly for the ethical shortcomings that led to “Dieselgate.” But has VW learned from the scandal? With the FTC recently filing the final court summary on the case, Michael Toebe reflects on the crisis that leveled the company’s reputation. Volkswagen’s good name has been tarnished regularly in the media in the last...

A COVID-19 vaccination isn’t yet available, but when it is, businesses will be keen to know whether they can require employees to get immunized. Husch Blackwell’s Julianne Story and Sydney Buckley discuss complications that could arise with a vaccination mandate. With scientists worldwide racing to develop a COVID-19 vaccine, many employers are asking if they...

New technology and efficiency enhancements further differentiate QuantaVerse’s Financial Crime Investigation Report QuantaVerse leverages interpretable machine learning to enrich AML risk determinations Wayne, PA (September 9, 2020) – QuantaVerse, which uses AI and machine learning to automate financial crime investigations, has enhanced its Financial Crime Investigation Report (FCIR) so AML cases can be accurately adjudicated more efficiently than ever...

Should governments be doing more to safeguard public funds against fraud and criminal activity? Governments globally have had to act quickly in order to mitigate the impact of COVID-19 on businesses. In a rush to distribute funding, many governments did not implement ex ante controls and are only now considering measures for detecting misuse. In...

Acquisition Enhances LRN’s Position as the Leading Global Provider of Ethics and Compliance Solutions Combined Organization Will Help More Companies Build Effective Compliance Programs and Create Ethically Aware and Inspired Workforces NEW YORK (September 9, 2020) – Ethics and compliance education and technology company LRN Corporation announced today the acquisition of Interactive Services, the Dublin,...

Even during the unprecedented workforce upheaval of 2020, the IRS continues to assess potential Affordable Care Act (ACA) employer penalties. Health e(fx)’s AVP of Compliance, Kyle Scott, discusses measures to prevent penalties. Organizations across myriad industries have struggled to maintain compliance with the Affordable Care Act’s (ACA) Employer Shared Responsibility Payment requirements for many reasons...

Is AI the answer to effective risk management? IsoMetrix’s John Castner details why companies need to stop focusing on predictive analytics and instead prioritize removing a siloed risk management approach to deal with the impact of COVID-19. As industries push to leverage technology, in today’s COVID-19 world, many are looking for the next generation of...

Entertaining storytelling video shorts series encourages employees to speak up about ethical concerns in the workplace CHICAGO (September 8, 2020) – The creative comedy, compliance, content creation team at L&E announces their newest corporate risk learning library, "Tales from the Hotline." Real stories from real ethics & compliance professionals about real workplace behavior gone wrong...

Recent media reports have revealed numerous scandals tied to COVID-19 throughout Latin America. Miller & Chevalier’s Alejandra Montenegro Almonte and Greg Bates discuss several of these scandals and offer guidance to help all organizations mitigate the risk of corruption. The coronavirus pandemic and the longstanding challenges of corruption and bribery in Latin America together have...

The rise in remote work due to COVID-19 has both led to increased drug use and changed the drug testing landscape. Health Street CEO Jared Rosenthal discusses what businesses and employees should know about employment drug testing amid this altered work dynamic. There are many aspects of both our work and personal lives that have...

Too often, companies are siloed in their approach to assessing risk in foreign jurisdictions. FTI Consulting’s Ken Jones and Lindi Jarvis explore what companies should keep in mind when developing and refining their overarching risk assessment methodologies. For many companies, breaking down the organizational barriers that impede seamless interactions and operations is a clear priority....