Technology is increasingly enveloping every aspect of the Business Landscape and there is hardly an element of conventional or physical risk different from Data Privacy and Information Security. Businesses and Organizations worldwide have recognized Cyber Risk as one of the most significant dangers they face and that effective management and mitigation is almost essential and
The importance of Audit Automation and the utilization of Information Technology in modern Audits have grown significantly in recent years due to both, Technological advancements and changing Regulatory environment. There is a notable inconsistency between Organization’s priority Risk areas and where Internal Audit focuses its time. Chief Audit Executives should therefore re-evaluate with their Audit
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
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
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
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As T.S Eliot rightly said “Last year’s words belong to last year’s language and next year’s words await another voice”, it’s now time to proactively restrategize your Governance processes for 2018. The Business models globally are getting digitized, and so Companies would need to undergo similar transformations in Risk, Regulatory Compliance and Governance processes. As
Frauds in big Corporate houses and Organizations have been making headlines since last decade and as you read this, world’s largest bank Wells Fargo has been charged $185 million fine for illegal sales practices that included opening of 2 million fake customer accounts. Following the allegations, the bank fired over 5,300 employees who engaged in
As we are drafting this post, our social media handles are buzzing with news on Brexit, Chilcot Report and many more International Current affairs. At this time when International economy is getting transformed and Technology is reaching new forefronts, it becomes imperative to gain insights on how Businesses around the globe are going to be impacted. In an environment where
For ages, sharing Official Documents internally in an Enterprise (and in some cases externally with Partners/Clients) has been a part and parcel of everyday Corporate routine. It’s a customary ritual now, but wait…it is equally critical, as in , the Platform used to share your Vital and Confidential Official documents should be robust enough, for three big reasons