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.
Third Party Risk
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.
Posted inRisk Management
Ask a CCO: Biggest priority for upgrading compliance tech
Six senior compliance practitioners share their biggest priority areas for making technological upgrades to their respective compliance programs during 2023.
Posted inRisk Management
Ask a CCO: Where has tech made biggest difference in TPRM efforts?
Six senior compliance practitioners explain the impact technological advances have had in streamlining third-party risk management efforts.
Posted inRisk Management
Ask a CCO: Compliance team role in TPRM
Six senior compliance practitioners describe how their team contributes to third-party risk management at their respective companies.
Posted inData Privacy
FTC warns businesses to risk assess uses of biometric technologies
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission, the agency warned in a policy statement.