The United States is one of few leaders in the anti-corruption enforcement space but still must reckon with its role as a top facilitator of financial crime, according to the executive director at the U.S. office of Transparency International.
Third Party Risk
Posted inBoards & Shareholders
TPRM Summit takeaways: Tech risks, board and audit relationships
The impact of new technologies like generative artificial intelligence on the third-party risk management landscape was among the points of discussion addressed at Compliance Week’s TPRM Summit in Atlanta.
Posted inEurope
Growing list of MOVEit hack victims shows damage control difficulties
More than 130 organizations are believed to have been impacted by the MOVEit hack, with millions of people’s data at risk. Experts opine on the struggles businesses face in containing exposure.
Posted inRisk Management
CFTC commissioner crafting potential proposed rule on cyber resiliency
The Commodity Futures Trading Commission’s Technology Advisory Committee sponsored by Commissioner Christy Goldsmith Romero is crafting potential rulemaking to establish cyber resiliency baselines among swap dealers and futures commission merchants.
Posted inEurope
Shades of SolarWinds in lessons from MOVEit hack
A ransomware attack affecting some of the U.K.’s largest corporations has highlighted once again how exposed organizations can be if the levels of cybersecurity used by their third parties are not as strong as expected.
Posted inAccounting & Auditing
Nutanix discloses remediation steps following costly software misuse
A lack of oversight of employees handling vendor software is one of several failings at cloud computing company Nutanix that led to misuse, $11 million in estimated costs, and two pending lawsuits.
Posted inRisk Management
Banking regs seek consistency via new TPRM guidance
U.S. banking regulators combined to issue final guidance on managing the risks of third-party relationships that replaces the previous documentation each agency released individually.
Posted inRisk Management
Ask a CCO: Importance of data analytics, AI over next 5 years
Six senior compliance practitioners forecast the impact advances in data analytics and artificial intelligence will have in their future compliance efforts.
Posted inRegulatory Enforcement
OneMain Financial fined $4.25M in NYDFS cybersecurity case
Mortgage servicer OneMain Financial Group will pay $4.25 million to settle allegations it left customer information vulnerable to cyberattacks by failing to implement required controls under New York’s cybersecurity law.
Posted inRisk Management
Ask a CCO: Pressing pain point in working with data for compliance
Six senior compliance practitioners disclose hurdles their respective departments have faced in utilizing data for compliance purposes.
