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
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
The Wall Street Journal published a comprehensive article on 5th September 2019 regarding; U.S. PG&E’s Long Record of Run-Ins With Regulators, outlining PG&E long history of breaking the law with impunity. The Wall Street Journal identified repeated instances over 25 years in which PG&E misled regulatory authorities, withheld required information, didn’t follow through on promised
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
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
The European Union (EU) implemented the General Data Protection Regulation (GDPR) in May 2018. It is meant to protect the Data and Privacy of European ‘citizens’. And, is applicable to any Business that stores or transacts data of these subjects. However, the consequence of it is that even Businesses that are international or provide services
Environmental, Social and Governance (ESG) concerns are challenging Boards and Executives to translate them into tangible Risks and Opportunities for Sustainability and Resilience. ESG impacts are generally longer term in nature and, in many cases, out of the direct control of the Company, which makes the linkage of ESG Risks to Enterprise Risk Management even more relevant.