The recent election results weigh heavily on the minds of financial services professionals. All manner of questions have been raised regarding potential related regulatory impacts. Currently, there is ambiguity and...
Archive - November 2016
How Expensive Are Cybersecurity Attacks and Data Breaches?
A Journal of Cybersecurity article earlier this year concluded that public concerns regarding the increasing rates of breaches and legal actions may be excessive compared to the relatively modest financial impact to...
COSO Guide Seeks to Elevate and Evolve Fraud Risk Management Practices
For many organizations, fraud risk management consists of checking boxes and thinking positive thoughts: “We hire good people.” “We have a code of conduct.” “We comply with Sarbanes-Oxley (SOX).” “Our hotline does not...
New Evaluation Tool Enables Boards to Assess and Improve Their Risk Oversight
Prudent risk-taking is essential to the success of organizations seeking market opportunities and executing aggressive growth strategies. Boards of directors have a growing role in overseeing risk in the companies they...
Navigating Risk and Complexity by Integrating Contract and Supplier Management
Most organizations spend between 30 and 70 percent of their revenues procuring third-party goods and services. This level of expenditure can present significant opportunities to drive operational performance, value and...
Digital Transformation, Data Governance, and Internal Audit
Digital advances, such as big data analytics, mobility and smart connected devices are radically changing not just business processes, but entire operations. Companies across industries are racing to migrate analog...
Are Wireless Technologies the Answer for Cyber-Secure Offshore Asset Utilization and Operator Profitability?
A review by Siemens finds that wireless communications are well suited for the often remote locations of oil and gas industry production facilities, both on- and offshore. Previously, satellites provided producers with...
Compliance Insights Top News: Court Rules on RESPA Enforcement and CFPB Constitutionality
In our most recent edition of Compliance Insights, we highlight the compelling news regarding the U.S. Court of Appeals for the District of Columbia Circuit’s ruling in favor of a large, non-bank mortgage servicer...
PCI DSS 3.2 Kicks In Today: Do You Know What the Changes Are?
Version 3.2 of the Payment Card Industry Data Security Standard (PCI DSS 3.2), the information security standard that guides how entities process, hold and transmit cardholder data, comes into effect today, Nov. 1, 2016...