FINRA (Financial Industry Regulatory Authority) is a non-governmental agency that provides regulatory services for the financial industry. FINRA regulates over 4200 brokerage firms and oversees the stock market and securities industry. FINRA focuses on areas that financial services firms should consider when identifying opportunities to improve their compliance, supervisory and risk management programs. The areas
Regulators have dramatically stepped up enforcement of Anti-money laundering (AML) laws and regulations and increased related criminal and civil fines. According to a recent news article from Wall Street Journal, FINRA charged a penalty of $10 Million to one of the biggest Investment Bank over Anti-Money-Laundering program. As per the news, the bank’s automated anti-money-laundering
2018 was all about engaging with the Fourth Industrial Revolution (Industry 4.0), blurring lines between physical and digital worlds and a major transformation of how Business Processes are carried out. To drive Positive Growth, Efficiency, Effectiveness, Sustainability and Transparency in 2019 and beyond, Businesses, Companies and Organizations need to adopt a new innovative mindset for
As Cyber Risks are evolving with greater frequency and severity, Companies are becoming aware that technology-based innovations and initiatives open doors to Cyber Risks and pose greater governance challenges. From a governance perspective, one of the Risk, Compliance and Governance committee’s most important tasks is to verify that management has a clear perspective of how
Three Key Elements of Confident,Efficient & Sustainable Cyber Risk Governance in 2019 Businesses and Organizations worldwide have recognizedCyber Risk as one of the most significant dangers they face andthat effective management and mitigation is almost essential and unavoidable.1. Importance of Integrating Cyber Risk with overall ERM2. Leveraging Artificial Intelligence driven Analytics for real time Cyber Risk Reporting3. Designing
In less than a week, people around the globe are reading another breaking news around Information Security concerns following the massive breach of Marriott International Inc. As per the news, the UK Parliament seized a set of internal emails of one of the world’s largest Social Media platform Company Facebook as a part of its
On Friday, a breaking news of one of the biggest data breaches in history came around in the world’s largest hotel Company, Marriott International Inc. As per records, the reservation database for it’s Starwood properties exposed private data of up to 500 million guests, which included the Customers’ passport numbers, travel details and payment-card data.
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
In the present day and age, Risks need to be considered as Opportunities for Value Creation and not something that has to be minimized or avoided, as Risks are not fully avoidable but their timely identification, monitoring and remedial action is a sure shot way to gain Competitive Edge. Globally many Companies have started to
Reston, VA, USA. 15th November, 2018 Confident Governance®, inventor of Governance as a Service® platform and award winning Cyber Governance Solution, today announced that the Company has been nominated in 2018 NVTC (Northern Virginia Technology Council) Tech 100 Awards. The NVTC Tech 100 are the companies and individuals who are driving tech innovation, implementing new