The world economy has reached a fair turning point after several long-drawn discussions about the impact of climate-related risks on investments. Recently, in the first week of March, the U.S. Securities Exchange Commission (SEC) announced a final rule to enhance and standardize climate-related disclosure for investors. The new amendments to the SEC climate-related disclosure rule… Continue reading Final Rule Announced for SEC Climate-related Disclosures: What’s New in 2024
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Category: GRC
Unraveling GDPR: GDPR Compliance Checklist for U.S. Companies (Part 2)
As businesses rapidly turn digital, it is incredibly easier to interact globally and engage using customers’ data. GDPR’s data privacy regulations serve as the ultimate guardrail for U.S. businesses involved in trans-Atlantic data transfers and the data processing and monitoring activities of its EU and EEA customers. However, the learning curve is not steep. Almost… Continue reading Unraveling GDPR: GDPR Compliance Checklist for U.S. Companies (Part 2)
Unraveling GDPR Requirements and How Some of it Impacts the U.S. (Part 1)
Six years after its enforcement, the European General Data Protection Regulation (GDPR) is now an exclusive industry in the U.S. There are about half a million jobs for data protection officers (DPOs). Companies like Meta, Amazon, and Google are charged with fines worth billions of dollars fines for non-compliance. A takeaway is that GDPR’s extraterritorial… Continue reading Unraveling GDPR Requirements and How Some of it Impacts the U.S. (Part 1)
AI Integration in GRC Tools Will Become A Commonplace in 2024
When we talk about technological sophistication, every enterprise competes to be at the bleeding edge of trends. In 2023, GenAI took the world by storm despite initial hesitations about impending risks and a high-profile security breach that exposed personally identifiable information (PII). Surprisingly, in governance, risk, and compliance (GRC), both AI and GenAI hold tremendous… Continue reading AI Integration in GRC Tools Will Become A Commonplace in 2024
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
AI and Sustainability Missions Go Hand in Hand!
AI and Sustainability Recently, at COP28, AI was dubbed a powerful tool to combat climate change. Investors, regulators, businesses, and leaders announced several sustainability projects and financial commitments including AI-led initiatives, to reach net-zero goals by 2028. Many cutting-edge tools that leverage AI models and machine learning (ML) algorithms are already incorporated to identify and… Continue reading AI and Sustainability Missions Go Hand in Hand!
Make Room for 2024 GRC Trends: Experts Say GRC Solutions are the Way to Go!
Another tumultuous year ends. After enduring a ream of shocks, the idea that CEOs, CIOs, CROs, and compliance leaders worldwide have cracked the ‘survival code’ is wishful thinking. Most companies and their leaders must recalibrate strategies and business processes to face macroeconomic volatility and confidently embrace the AI boom in 2024. Governance, risk, and compliance… Continue reading Make Room for 2024 GRC Trends: Experts Say GRC Solutions are the Way to Go!
Highlights from the COP28: The Future of ESG Reporting
Climate changes made sustainability the global catchphrase. However, the hope of reaching zero emissions and transitioning out of fossil fuels still stands reasonable and realistic. Recently, more than 2,400 individuals connected to fossil fuels registered for the 2023 United Nations Climate Change (COP28) in Dubai, UAE. The COP28 is one of the biggest global climate… Continue reading Highlights from the COP28: The Future of ESG Reporting
A Guide to Model Risk Governance
The world survived turmoil from geopolitical shifts, soaring inflation, great resignation, and three years of compounding crises from the COVID-19 pandemic. There is no escape for businesses across industries from the state of ‘permacrisis’ or extended periods of instability and insecurity. Most model-reliant businesses in banking, financial services, and insurance (BFSI) are predisposed to intermittent… Continue reading A Guide to Model Risk Governance
Keep Up with 2024’s Top Data Privacy Trends with OpenPages Data Privacy Management
Did you know last year, there were about 4,100+ data breaches, accounting for 22 billion publicly exposed records? Another research predicts that by the end of 2023, the global cost of cybersecurity would reach $10.5 trillion! It is evident that cybersecurity and privacy trends go hand in hand with technological innovations. At the dawn of… Continue reading Keep Up with 2024’s Top Data Privacy Trends with OpenPages Data Privacy Management