Was Friday’s Ransomware Attack Covered in Your Cyber Plan?
Less than a month ago, my colleague Adam Brand talked about the need to include ransomware in the cybersecurity repertoire of companies, emphasizing a business outcome-driven approach to cybersecurity, rather than a narrow-focused sensitive data perspective. Last Friday’s global ransomware attack brought this message home with a bang. The wide-spread attack struck hospitals, companies and […]
The Internet of Things: A Game Changer for IT Audit
I recently had the honor of attending the ISACA’s 2017 North America CACS Conference in Las Vegas, where I discussed how the Internet of Things (IoT) continues to transform the mission of IT auditors. The IoT is a perfect example of an all-around disruptor, including in IT audit departments, as businesses collect, analyze and act […]
The Power of Small Changes in Pursuing Digital Transformation: A Retail Perspective
Adaptability has always been critical to retail success. But in the digital era, where disruptive change is constant, many retailers find it difficult to evolve fast enough to remain competitive — let alone relevant. That is especially true for companies burdened by the weight of legacy business models, inefficient back-office processes and outdated technology infrastructure. […]
From Analog to Analytics: 2017 a Turning Point for Internal Audit
With increasing demands for broader, more accurate and more efficient risk assurance, internal audit departments have officially entered the age of analytics. According to Protiviti’s 2017 Internal Audit Capabilities and Needs Survey, two thirds of internal audit functions have begun using data analytics on at least a limited basis, with two-thirds of the remaining respondents […]
Cyber Risk Management: No More Quiet Backrooms
Last month, in New York City, Protiviti hosted a gathering of scores of financial service industry representatives to discuss the recently enacted New York Department of Financial Services’ (DFS) Part 500, Cybersecurity Requirements For Financial Services Companies. Similar in design to the previously enacted DFS Part 504, Transaction Monitoring and Filtering Program Requirements and Certifications, […]
In the UK, 2017-2018 Priorities for Financial Services Firms Published
The UK Financial Conduct Authority (FCA) has issued its annual business plan for fiscal year 2017-2018. The FCA is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms. Its annual business plan and mission statement gives firms and consumers greater […]
