As new Regulation and Compliance mandates come into action for fighting fraud, corruption, and Regulatory Risks, many Companies across the globe have started to review their Fraud Risk Assessment and overall Enterprise Risk Management programs. This review presents an opportunity to bridge siloed gaps in critical information, restructure fraud and corruption risk management, and build
We live in a digitally connected world dominated by Smart Phones, Social Media, Emerging Technologies and the evolving expectations of society and stakeholders. An upsurge of socially conscious Consumers, globally distributed Business models and multichannel marketing strategies built on social platforms allow greater interactivity for the Customer with lesser or no Controls. Reputational Risk in
Businesses have always faced Risks, but recent events around Cyber Security breaches, Audit & Compliance frauds, etc.. have provided dramatic evidence that Risk is a reality which needs to be addressed with Agility and Technological Innovation. Stakeholder expectations are higher than ever and Enterprises that are more resilient will experience more rewards. In a Networked Economy, where
Disruptive Business models are driving the need for increased risk-taking. Conventional Risk Management methodologies are focused primarily on completing mandatory, Compliance-driven processes. However, with the rapid pace of Innovation in Technology, the Boards and the C-Suite are now viewing Risks in terms of their potential to drive performance and hence become a competitive advantage. Using Automation and Analytics, Risks
The Risk Universe is expanding at rapid pace and frequent headlines on Information Security breaches ,Fraud Risks, Non-Compliance Penalties etc..bring to the surface the urgency of new robust methodologies of identifying Risks and designing future ready Response Strategies. So what should Risk Managers prepare for ? With this blog series on Enterprise Risk Management, we talk
Efficient GDPR Compliance Management encompasses vital processes like Integrated Risk Mapping, Gap Analysis, Policy and Procedure Tracking and conducting Compliance Audits. In our previous post, we discussed about Integrated Risk Mapping and Compliance Testing. With this post we discuss how monitoring GDPR Rules and Controls is a continuous process that can be efficiently and effectively
GDPR (General Data Protection Regulation) is an Exhaustive and Technically demanding Regulation around Data Privacy ever established. The inherent need of 360 degree Visibility and Strategic Enforcement presents a challenge for Companies globally wanting to be GDPR Compliant. Some of the major challenges around being GDPR Compliant is having a robust Data Handling and Data Storage
The new EU Legislation, General Data Protection Regulation (GDPR) is the latest reform of Data Protection Rules that not only requires extensive Data Protection Security and Reporting requirements but also surfaces the need for an end-to-end Compliance Management system. The Board, the C-Suite, the Audit & Compliance departments, and the Senior Management remain responsible for Regulatory
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that not only requires extensive Data Protection Security and Reporting requirements, but also surfaces the need for an end-to-end Compliance Management system. The Board, the C-Suite, the Audit & Compliance departments and the Senior Management remain responsible for Regulatory
Risk Management is a rapidly developing discipline with a varied view. To attain an agile Risk management process, it is mandatory to perform risk assessment at regular intervals to obtain Organizational and Operational insights. Risk Assessment process should be simple, practical and easy to understand for it to be effective and sustainable and performed
