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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

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

Does Your Firm Process PII or Sensitive Data? Learn About Data Protection Impact Assessment

Earning customers’ trust is paramount to business success. In today’s data and app-driven digital world, customer data is a currency for brands and businesses of all sizes.  Most organizations process the personal data of individuals on a large scale for business and profit benefits. Recently, many leading tech companies’ data processing activities came under regulatory… Continue reading Does Your Firm Process PII or Sensitive Data? Learn About Data Protection Impact Assessment

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