Introduction Artificial intelligence (AI) has evolved drastically and has taken the center stage in a variety of businesses. Various companies have now started understanding the importance of AI. So, the board of directors should take into consideration the responsibility that comes while using AI in mission-critical applications. What should you consider while using AI?
Introduction The year 2019 is ending and the year 2020 will begin soon. With the start of the new year and start of a new decade, it is imperative that the board leaders (independent chairs or lead directors) rethink their strategy on how to interact and operate with their businesses because they are the catalyst
In the recent past we have seen discussions around Environmental, Social and Governance investment, it is not a new phenomenon, but has risen exponentially in the last five-six years. Including ESG factors in investment strategy is directly related to the financial performance and business sustainability of an organization. The investors and leaders in addition to
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