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Internal Audit and its Growing Role in Emerging Technologies

The internal audit business function has steadily seen its role in Emerging Technologies grow exponentially. With data breaches frequently appearing in the news, executives are becoming increasingly anxious about data privacy and security matters. There has been an increase in the risk of IT security breaches, customer data misuse, and reputational harm. The increase can… Continue reading Internal Audit and its Growing Role in Emerging Technologies

The Benefits of Integrating Enterprise Risk Management (ERM) and Internal Audit Management for Credit Unions

An enterprise risk management strategy or ERM offers a host of benefits to companies in all industries and business sectors. But the advantages increase exponentially when you integrate enterprise risk management practices with internal audit management activities within your credit union or other financial institution.  What is Enterprise Risk Management? And What Are the Benefits… Continue reading The Benefits of Integrating Enterprise Risk Management (ERM) and Internal Audit Management for Credit Unions

How to Streamline Your Regulatory Compliance Process in the Insurance Industry

The insurance industry is amongst the most heavily-regulated industries, perhaps only behind the financial sector when it comes to the sheer number of regulatory bodies and the pervasiveness of the regulations that they are required to follow. Streamlining your regulatory compliance process in the insurance industry can be challenging, especially when you consider the dynamic… Continue reading How to Streamline Your Regulatory Compliance Process in the Insurance Industry

Why Financial Services Companies Need a Robust Third-Party Risk Management Solution

Financial services companies are amongst the most highly-targeted type of business when it comes to the criminal element, including cybercrime. Businesses operating within the financial space are also highly vulnerable to regulatory compliance-related challenges, which translate into some very serious — and costly — third-party risk management and mitigation issues.  For a financial services company,… Continue reading Why Financial Services Companies Need a Robust Third-Party Risk Management Solution

Common Financial Control Management Challenges and How Custom IRM Solutions Can Help

Financial institutions such as banks and credit unions are faced with a complex and diverse risk management and mitigation landscape — one that is exceedingly difficult to manage. You have stringent legal and regulatory compliance requirements and complex security requirements, and you must do business in a way that allows you to maintain the public’s… Continue reading Common Financial Control Management Challenges and How Custom IRM Solutions Can Help

The Time to Create an ESG Policy is Now

Issues surrounding the climate and global warming are highly politicized in many regions, with everyone from Hollywood starlets to Presidential candidates taking up firm positions on the topic. But no matter where your personal beliefs surrounding these controversial issues happen to fall, one thing is clear: issues related to the environment and sustainability are an… Continue reading The Time to Create an ESG Policy is Now

Understanding ESG Governance

In today’s eco-conscious world, sustainability matters. It matters to all stakeholders from employees to clients along with investors and everyone else in between. In fact, recent years have seen a distinct movement toward sustainable investments. This, in turn, prompted the U.S. Securities and Exchange Commission (SEC) to develop the Environmental, Social, and Governance (ESG) criteria… Continue reading Understanding ESG Governance

Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important

The U.S. Securities and Exchange Commission (SEC) and the Environmental, Social, and Governance (ESG) Division of Enforcement announced that they would be creating a 22-person task force composed of members from the federal organization’s regional offices, headquarters and “specialized units.” The task force’s objective is to monitor climate- and ESG-related issues and companies’ compliance with… Continue reading Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important

Mandatory ESG Reporting is Around the Corner

Developed by the U.S. Securities and Exchange Commission (SEC), the Environmental, Social, and Governance (ESG) criteria is used to gauge a company’s sustainability and conduct risks. The data points that determine an organization’s sustainability are then documented in reports that are now considered mandatory. ESG reporting isn’t necessarily new, however, making these reports mandatory is!… Continue reading Mandatory ESG Reporting is Around the Corner

Key Things to Look for in Third-Party Risk Management Software

  Third-party risk management (or TPRM) continues to increase in popularity because more and more organizations are seeking cost-effective ways to get the job done without the overhead associated with using in-house resources. This has spurred a rise in the number of companies that are turning to third-party risk assessment software platforms. But with many… Continue reading Key Things to Look for in Third-Party Risk Management Software