The Health Insurance Portability and Accountability Act of 1996 (HIPAA) legislation came into action for Healthcare Industry to protect patients’ medical information in terms of implementing Data privacy and Information Security controls. Even though it is more than twenty years old, it is relevant even today in light of Information Security breaches, Cyber attacks and
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
As Europe’s General Data Protection Regulation came into action from 25th May 2018,a new era in Data Privacy and Information Security begins wherein Companies, Multinationals and Organizations globally are compelled to change how they gather and handle Personal Data of the European Citizens. As per a recent WSJ article, many of these firms aren’t
General Data Protection Regulation (GDPR) comes into effect from May 25 and it’s primary goal is to regulate how Companies protect EU (European Union) citizens’ personal data. The responsibility of complying with the mandate is on Organizations that hold and process this information. With the deadline approaching near, Companies globally are already examining their basis
Maintaining Regulatory Compliance is undoubtedly a priority and continuous concern for Organizations across all Industry Verticals. Looking at the recent news on non-compliance in Companies globally, the stakes involved and the magnitude of consequences,it becomes clear that it’s even more important and challenging to keep pace with the Compliance mandates. Organizations Operate under constant pressure from
Internal Audit departments are in a transformative phase with increasing expectations to move beyond Compliance and Financial Reporting and focus on Enterprise Risk Assessments, Business and Operational Risks. To meet the requirements of this new role, Internal Auditors need to have specific Skill set which encompasses Communication, Reporting and Planning Skills. When we talk of
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Innovation, Automation & Agility are the new normal and finding ways to anticipate the unexpected Risks & Opportunities adds great value to a Business. While our previous post in this exciting Audit Efficiency blog series talked about how the key element of Innovation derived from Music can be leveraged for gaining efficiency in Internal Audit,
Emerging Technologies are fueling Innovation across all Industry Verticals and are changing the way we do Business.Coupled with rapidly changing Geopolitical Landscape, Organizations globally are exposed to a Risk Universe and they need to make sure that the critical Processes and Controls stay relevant and effective.When we talk of Internal Audit for 2018 and beyond, the
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