Federal agencies’ landmark regulations, such as the net neutrality, Truth-in-Billing policy, and robocall and texting guidelines, underscore the importance of risk and compliance management for telcos. Like every other industry, the U.S. telecom sector is a part of the GenAI adoption race, and communications services providers (CSPs) are tasked with providing proof of concept. From… Continue reading Top Telecom and Network Regulatory Compliance Risks to Watch in 2024
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: Regulatory Compliance Management
Will the Cookie Crumble? Google Chrome Reverses the End of Third-party Cookies (Part 1)
A while ago, there were talks about entirely phasing out third-party cookies in 2024. Google Chrome also restricted third-party cookies to 1% of its browsers. In July, the search engine giant announced reversing its plan to deprecate third-party cookies and continue developments in Privacy Sandbox APIs to enhance user consent and web privacy. Web browsers… Continue reading Will the Cookie Crumble? Google Chrome Reverses the End of Third-party Cookies (Part 1)
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
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?
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
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
Streamlining Banking Risk Management: The Benefits of Implementing a Risk Management Software
Of all business sectors and industries, business leaders in the financial sector and banking space are confronted with some of the most complex risk management considerations. Banks, credit unions, lenders, and other financial service providers are frequently targeted by criminals — especially cybercriminals — due to the many areas of vulnerability that exist within banks… Continue reading Streamlining Banking Risk Management: The Benefits of Implementing a Risk Management Software
The Importance of Compliance for Financial Services Providers?
Companies specializing in financial services are subject to strict regulatory oversight. In fact, aside from the healthcare space, the financial sector is one of the most highly-regulated industries in existence. Compliance is extremely important for financial services providers because non-compliance can spell major trouble, resulting in major monetary fines and even legal penalties. Compliance for… Continue reading The Importance of Compliance for Financial Services Providers?
Mitigating Compliance Risks in the Banking Industry in 2023
The banking industry and the greater financial sector face a host of legal and regulatory compliance risks, with a handful of new threats arising in 2023. Regulatory bodies and organizations involved in financial sector oversight are routinely issuing new directives and imposing new requirements that are designed to elevate bank accountability and improve the industry… Continue reading Mitigating Compliance Risks in the Banking Industry in 2023