Internal Audit Capabilities and Needs: Great “Tech-spectations”
With a growing number of companies investing in cloud adoption, digitalization and data-intensive projects, Protiviti’s 2018 Internal Audit Capabilities and Needs Survey makes it clear that internal audit has arrived at a point where it needs to evolve its analytics and technological proficiency among all individuals within the function, as opposed to relying on a […]
Managing the New Currency: Developing a High-Performing Data Management Organization
These days, the hot analogy in the analytics industry is that “data is the new oil.” Like oil, data must be found, extracted, refined and distributed. More companies are investing heavily in cutting-edge technologies like machine learning, artificial intelligence and big data processing to help them harvest, groom and apply data to the correct use […]
Should All Energy Companies Be Planning for Blockchain?
A quick Google search of “blockchain” and “oil and gas” predictably yields hundreds of thousands of results. Open some of these results and you will frequently see “Big Oil” and “BP” and “Shell.” As Big Oil represents only six of the thousands of energy companies, what does blockchain mean for everyone else? A dizzying number […]
Agile Risk Assessment: Reinventing RCSAs
Timely and accurate risk identification and assessment are critical to strategic decision-making. A risk and control self-assessment (RCSA) can be a practical tool for providing that information. Many organizations struggle, however, with the level of organizational resources required to complete an RCSA and effectively apply the results in a timely manner. There are many reasons […]
Making Fintech Fit — Banks Weigh Risks, Rewards of Fintech
Forward-thinking banks are acquiring and partnering with fintech firms to survive and thrive in an increasingly tech-enabled marketplace. By adopting emerging technologies and enabling open APIs (application programming interfaces) to allow third parties to build applications and services around them — a concept known as open banking — banks are hoping to offer richer and […]
New Security Threat Report by Protiviti Draws on Nine Years of Data, Offers a Road Map for Better Security
Cybersecurity breaches of magnitude and consequences that used to be unthinkable a decade ago are happening with alarming regularity today. But while breaches have exploded in scope, the basic weaknesses that allow them to happen remain much the same and can be summed up in five categories — weak user provisioning, lack of employee awareness, […]
