After a prelude to the concept of social engineering as an emerging form of cybersecurity attack, let’s explore the different forms your enterprise may likely encounter. First, let’s have a quick look at some stats on social engineering assaults: An average business encounters nearly 700 social engineering attacks annually. 50% of social engineering attacks… Continue reading Rise of Social Engineering: Types of Social Engineering Attacks (Part 2)
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Category: Governance Risk Compliance
Seven Valuable Lessons on Third-party Risk Management
Recently, a leading bank made headlines for suffering a massive third-party data breach that compromised tens of thousands of its customers’ personal data. Third-party associations help banking and financial institutions deliver innovative solutions and products to cater to customer demands. Often, third-party alliances are risky and, therefore, require a highly responsive and resilient third-party risk… Continue reading Seven Valuable Lessons on Third-party Risk Management
Exploring Six Critical Challenges to GRC Implementation
Governance, risk, and compliance (GRC) refers to an integrated set of capabilities that enables an organization to achieve principled performance. The acronym was introduced in 2002 by the Open Compliance and Ethics Group (OCEG). In 2007, the International Journal of Disclosure and Governance peer-reviewed the term. In today’s digital age, the definition of GRC has… Continue reading Exploring Six Critical Challenges to GRC Implementation
TikTok Ban in the U.S.: Important Takeaways
For GenZs, TikTok is where the newest trends are set. Lately, the social media app has been trending, and the buzz has been about declaring whether it threatens user privacy and national security in the U.S. In this blog, we will discuss the reasons for the national security probe against TikTok, its legendary rise as… Continue reading TikTok Ban in the U.S.: Important Takeaways
Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
Events on the global regulatory front in 2023 turned environmental, social, and governance (ESG) into a serious boardroom agenda. Concurrently, there are businesses playing along the sustainability lines by wrongfully claiming and marketing their products and practices as ‘sustainable’ and ‘eco-friendly’. The practice of misleading consumers with a make-believe sustainability posture to drive profits is… Continue reading Greenwashing, U.S. Elections, & Anti-ESG Movement: What’s Brewing in 2024
The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
Technologies have always had an impact on political campaigns. At the turn of the 21st century, the use of the Internet for broader reach and cost-effective campaigns opened doors to marketing on social media and digital platforms. The new-age tools of information sharing empower voters and audiences with an independent voice and political viewpoints to… Continue reading The Good & the Nasty: Influence of AI in Politics & 2024 U.S. Elections
AI Use Cases in GRC: An Explorative Guide
If you know the line, “Stories written before space travel but about space travel,” from Philip K Dick’s novel, Do Androids Dream of Electric Sheep (adapted to Ridley Scott’s Blade Runner), you’d agree that it resonates with how we feel about recent AI breakthroughs (both imagined and real). Unlike the theme of this cult classic—technological… Continue reading AI Use Cases in GRC: An Explorative Guide
Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals
2023 was indeed a poster year for disruptions. Evolving bank regulations and supervision will drive banking and financial services firms to tread consciously in 2024. Let’s explore the latest banking and supervisory regulations impacting banking and financial institutions’ governance, risk, and compliance (GRC) agenda this year. Basel III Endgame: Post the 2009 financial catastrophe,… Continue reading Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals
5 Compliance Goals of Every Compliance and Risk Leader in 2024
Heightened expectations for transparency and accountability will keep compliance leaders on their toes throughout 2024. There are many storms to weather, thanks to evolving regulations, environmental and climate concerns, as well as rapid tech advancements. Chief Compliance Officers (CCOs) want to reiterate that getting too complacent is not in their vocabulary while working towards their… Continue reading 5 Compliance Goals of Every Compliance and Risk Leader in 2024
Plan Your Firm’s Data Governance Framework: New Trends Await in 2024!
2023 was indeed an insightful year for data owners and data processors. Effective data governance guarantees data integrity and drives better decision-making and business outcomes. During December 2023, the monthly data analysis from a global IT governance research study found nearly 1,351 publicly disclosed security incidents. They also found 2,241,916,765 records breached. By January 2024,… Continue reading Plan Your Firm’s Data Governance Framework: New Trends Await in 2024!