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?
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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)
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
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
Rise of Social Engineering: Types of Social Engineering Attacks (Part 2)
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)
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
Rise of Social Engineering: Why Enterprises Should Worry about this in 2024? (Part1)
In the era of digitization and GenAI, social engineering is another rapidly rising cybersecurity threat that capitalizes on human vulnerabilities. CISOs and cybersecurity leaders are always on the lookout for emerging sophistication. Threat actors apply unique methods to make their attacks look more benign and convincing. In this two-part blog, we will unwrap social engineering… Continue reading Rise of Social Engineering: Why Enterprises Should Worry about this in 2024? (Part1)
How will the U.S. Elections impact AI Regulations?
What’s common between the Democrats and Republicans besides contesting for U.S. elections? The answer is both parties agree on guard railing AI! 2024 will be known for the global election marathon. AI is fueling the divide among the voters, and threat actors are weaponizing GenAI to spread misinformation. Amid the ongoing AI fever, what are… Continue reading How will the U.S. Elections impact AI Regulations?
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
Understanding ESG Materiality & its Importance in Sustainability Reporting
In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees, communities, and the environment poorly. Growing consumer awareness of environmental, social, and governance (ESG) components demands more actions towards ESG materiality assessments from businesses. ESG materiality assessments are iterative and unique to every business and… Continue reading Understanding ESG Materiality & its Importance in Sustainability Reporting