A business continuity plan (BCP) document is an enterprise IT manager’s crisis playbook. At a deeper level, it provides a snapshot of the IT assets, systems, and processes to be protected at all costs from probable disruptions. In summary, it highlights the importance of keeping the business running during an outage or its impact. As… Continue reading An Insider’s View of a BCP Failure: What an IT Manager Wants You to Know?
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: Governance Risk Compliance
Will the Cookie Crumble? Google Chrome Reverses the End of Third-party Cookies (Part 1)
A while ago, there were talks about entirely phasing out third-party cookies in 2024. Google Chrome also restricted third-party cookies to 1% of its browsers. In July, the search engine giant announced reversing its plan to deprecate third-party cookies and continue developments in Privacy Sandbox APIs to enhance user consent and web privacy. Web browsers… Continue reading Will the Cookie Crumble? Google Chrome Reverses the End of Third-party Cookies (Part 1)
The Allure of Healthcare Data: Why is it a Hotbed for Healthcare Cybersecurity Breaches?
Digital health systems and data-driven medical devices enhance performance and care quality in the healthcare industry. However, converting large volumes of personal health data into digital formats for storage and usage introduces several privacy and data security concerns. Healthcare data such as patient information, clinical observations, payment details, prescriptions and treatment records, and personally identifiable… Continue reading The Allure of Healthcare Data: Why is it a Hotbed for Healthcare Cybersecurity Breaches?
Data Management and Data Governance: What’s the Difference?
You have probably heard about data management and data governance several times in our blogs. You aren’t the only one assuming they mean the same or involve similar functions. Although they are related, there are significant differences between them. Let’s dive into understanding how these two concepts differ and operate. What is Data… Continue reading Data Management and Data Governance: What’s the Difference?
U.S. Data Protection and Privacy Laws: Federal Updates (Part2)
As states in the U.S. intensify data protection guardrails, efforts escalate at the federal level with new rule proposals, prompt actions, and legal settlements. C-level and data privacy leaders worldwide are actively raising the bar with effective data governance to keep their firms risk-free and compliant with data protection and privacy laws. iTech GRC’s IBM-certified… Continue reading U.S. Data Protection and Privacy Laws: Federal Updates (Part2)
Time to Re-evaluate Corporate Actions: Six Corporate Governance Trends in 2024
Corporate governance frameworks are vital for demonstrating a company’s ethical practices and values while balancing stakeholders’ and community interests. 2024 is filled with events that have made corporate entities perpetual targets for ethical and sustainability activism and regulatory scrutiny. As we close the mid-third quarter of the year, it’s time to revise your organization’s strategies… Continue reading Time to Re-evaluate Corporate Actions: Six Corporate Governance Trends in 2024
Four Lessons on Avoiding a GRC Failure
Large corporations, brands, and enterprises have a fair share of reasons to fall behind their governance, risk, and compliance management objectives, resulting in a massive GRC failure. It is common knowledge that getting a hold of GRC needs is complicated, but regulatory bodies and governments quickly slap hefty penalties that can run into billions of… Continue reading Four Lessons on Avoiding a GRC Failure
2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
Previously, we discovered a tapestry of trends impacting the U.S. consumer products industry in 2024. The year will be known for growing consumer awareness and resistance to rising prices. However, priorities don’t just end with matching customers’ product value, innovation, and sustainability expectations! Companies in the consumer products industry have regulatory and legal obligations to… Continue reading 2024’s Top Risks in Consumer Products Industry: Uncovering Legal Risks (Part 2)
2024’s Top Risks in the Consumer Products Industry (Part1)
Tumultuous global and economic events from previous years will likely persist in 2024. Therefore, the severity of the risk in the consumer products industry will be amplified. As this landscape evolves with pressing prioritizing for product innovation and customer-centricity, profitability may not be the silver lining that consumer products companies hope for. Why? The… Continue reading 2024’s Top Risks in the Consumer Products Industry (Part1)
FDIC Risk Review 2024: A Nuanced Approach to Risk for U.S. Community Banks
Rising interest rates and an uptick in liabilities drive banking and financial institutions into liquidity risks. We have witnessed the repercussions of misaligned liquid asset portfolios and funding resources, leading banks into epic insolvencies and meltdowns. Federal agencies issued regulatory updates to tighten lending functions. They increased the asset reserves threshold to prevent another sorry… Continue reading FDIC Risk Review 2024: A Nuanced Approach to Risk for U.S. Community Banks