The job of compliance officer has become increasingly dominated by technology and automation. And one under constant pressure from changing regulation globally.
Cybersecurity
Posted inRegulatory Enforcement
Report: FTC, CFPB have blind spots for credit reporting agencies
A report by the Government Accountability Office finds that the FTC and CFPB have oversight and enforcement shortcomings when it comes to credit reporting agencies.
Posted inRegulatory Enforcement
Banks, central banks warned of crypto-currency risks and pitfalls
Despite failures, plummeting prices, and a plethora of risks, financial institutions and central banks are cautiously looking at ways to use virtual currencies. International regulators are warning them that doing so haphazardly could be disastrous.
Posted inEthics & Culture
Insider threats often are hardest to detect
In his latest editorial, Compliance Week Editor in Chief Dave Lefort applies what he learned at CW West to recent insider scandals and provides several compliance-related takeaways.
Posted inRisk Management
Rsam, RiskLens partner on cyber risk
GRC solutions provider Rsam and cyber risk management firm RiskLens have partnered to bring clarity to the potential business impact of cyber risk.
Posted inRegulatory Enforcement
Huawei sues U.S. gov. for ‘unconstitutional sales restrictions’
Controversial tech giant Huawei has filed a complaint in a U.S. federal court that challenges the constitutionality of government restrictions on its products.
Posted inData Privacy
Facebook: Can a data privacy dog really learn new tricks?
Mark Zuckerberg, founder and CEO of Facebook, wrote a long, detailed blog post on Wednesday to announce new data security and privacy initiatives. Has he seen the light, or is this yet another false promise from the social media giant?
Posted inData Privacy
FTC proposes consumer data rule changes for financial institutions
The Federal Trade Commission is seeking public comment on proposed amendments to rules under the Gramm-Leach-Bliley Act that protect the privacy and security of customer information held by financial institutions.
Posted inAccounting & Auditing
Internal audit still vexed by data, third-party risks
Internal audit is making strides in steering its focus and resources toward companies’ emerging risks—but there’s still some work to be done, the IIA says.
Posted inData Privacy
Understanding NIST’s new Risk Management Framework
NIST’s new Risk Management Framework—used with the agency’s Cybersecurity Framework—offers companies direction in integrating cyber-security, privacy, and supply-chain risk management.