In today’s globally connected business environment businesses are using Cloud based applications to store their data. But have you ever given a thought how secured that data is? Recent past reveals that data breaches or cyber attacks have cost businesses millions of dollars. Today here in this blog, we will discuss What is Cloud Security?
California Consumer Privacy Act (CCPA), passed in June 2018 will affect majority of the businesses when comes into effect on January 1, 2020. The law dictates that the consumers of California have the right to access any or all the personal data being held by a company and can request the company to get it
In today’s globally connected environment, nations and organizations are facing a bigger threat named Cyber Espionage. It is an organized and deliberate cyber attack to gain unauthorized access to classified material for military or political gain. Such types of intrusions are done to shut down governments or military operations to create chaos at the global
The General Data Protection Regulation (GDPR) harmonizes knowledge protection laws within the EU that are fit for purpose in the digital age. It is a game-changing privacy law set out on May 25th, 2018. GDPR imposes new rules on firms, government agencies, non-profits, and other organizations that offer goods and services to people in the
In today’s digital era, Internal Audit Functions worldwide are adopting new technologies and methodologies to bring value to their organizations. Organizations are innovating their Internal Audit processes to future proof themselves, by embracing change and disruption and understand how best to apply new approaches and technologies. Organizations are adopting advanced analytics, artificial intelligence, applying agile
In today’s globally connected business environment and the amount of data of that is being shared across the organizations, cybersecurity has become one of the major issues that need to be addressed. With new emerging technologies like Cloud Computing, Internet of Things organizations have become more vulnerable to cyber-attacks. With Cyber attacks becoming more and
Dynamic risk assessment is a proactive method of risk management. In the ever-changing and disruptive business environment traditional risk assessment models which are mostly based on the impact and the likelihood. fail to recognize the interconnection among the risks and more effective risk mitigation actions. DRA enables organizations to have a deep understanding of the
When it comes to disruptive risks, the majority of them are foreseeable when there is continuous and effective coordination between Board, C-suite, and management. Conventionally, for risk management, Boards rely on information from management to help identify and provide oversight of disruptive or emerging risks with a significant and critical impact on the company’s long
Adaptive governance is a framework for analyzing and monitoring the financial, social and operational foundations of the multilevel governance models that are successful in building resilience for the challenges posed by the ever-changing risk landscape. When it is possible to have an insight over the disruptive and ever-changing risk landscape, board members can aid in
In the ever-changing and disruptive business era Environmental, social and governance concerns are positioned at the top of the Board’s agenda. These concerns are central in terms of overall business growth and sustainability. To achieve its strategic objectives or goals, the organization’s need to align the ESG concerns and increasing stakeholder’s expectation with Enterprise Risk