While most companies are focused on the external, malicious attackers, they may forget about the vulnerabilities that lie within their organization, such as their #1 line of defense: the employees. A recent Ponemon study found that almost three-quarters of IT security practitioners have lost confidential data in the past year and lack the ability to prevent data leakage by their...
Companies with top-quartile perceptions of integrity experience less misconduct than organizations with bottom-quartile perceptions. This new whitepaper from CEB explores what this means from a compliance and risk standpoint.
This new whitepaper from PwC helps executives understand how an automated risk visualization process can help transform raw data into actionable insights.
Culture risk is an emerging threat for many organizations, and one that should be proactively addressed. For example, when an employee finds a new job, his current job performance and commitment often lag–potentially posing a serious threat to the business’ well-earned reputation. Deloitte’s Chief Risk, Reputation and Regulatory Affairs Officer Chuck Saia recommends a solution for businesses and leaders to...
Newspaper headlines blasting the news of major losses for a financial institution due to modeling error have become commonplace. Users must ensure that the models they rely upon are appropriately built and yield useful results, and for more than just regulatory compliance. Good models reduce losses and enhance decision-making.
In today’s risk landscape, corporations must rethink the way they manage cybersecurity and combat cyber threats. James Bone, a leading expert in regulatory compliance risk, expects the Cognitive Risk Framework for Cybersecurity (CRFC) to become part of a broader approach to managing risk – and soon. Here, he details the key components to a CRFC.
With some sanctions against Iran recently being lifted, new commercial opportunities have been created. And with these new opportunities comes greater risk – namely that corporations could do business with front companies or specially designated nationals. The challenges don’t lie strictly with Iran, however; several nations in Asia pose a high risk for corruption, as well.
Despite the fact that organizations are spending more than ever on cybersecurity, the threats continue to increase. Cyber risk is certainly a multi-faceted concern for corporations, but the lack of real success in preventing cyber hacks may be due to an oversight of organizations’ greatest vulnerability – people. Read on for the skinny on CogSec – cognitive security – solutions.
The sharing economy will undoubtedly influence business travel, with employees looking to Airbnb in lieu of hotel rooms and Uber or Lyft rather than a taxi or company car. But implementing set processes to mitigate the potential risks of relying on the sharing economy is a major challenge facing the enterprise. Business travel expert Austin Klein speaks to the future...
Process ROT – the practice of retaining redundant, obsolete and trivial information – makes finding information difficult and reduces productivity, not to mention the effect on risk management. To further complicate the matter, most organizations don’t realize when it’s happening. Companies experiencing process ROT risk reputational harm and greater exposure to litigation. Here’s what you can do about it.
What’s your organization’s risk appetite? Some organizations rank way up there with surfers and stunt men. Others like to play it safe, taking on the level of risk you might associate with putt-putt golf, but most fall somewhere in between. To determine your company’s ethics and compliance risk tolerance, consider the direction provided by the Federal Sentencing Guidelines.
Corporate Compliance Insights' Founder and CEO, Maurice Gilbert, had the opportunity recently to chat with Chris Caldwell, President and CEO of LockPath, a company that's fast becoming a leader in the GRC and information security markets. Chris offers his perspective on the challenges compliance professionals face currently, as well as some of the greatest risks threatening today's businesses.
Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security.
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