- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aly McDevitt2022-12-12T17:20:00
The value-add of leveraging data analytics to mitigate third-party risk is, at this point, common knowledge. Access to real-time data updates and adverse media alerts as well as a single source of truth up and down the chain of command are just a few advantages. Many technology solutions are now equipped with prebuilt integrations, artificial intelligence, and natural language processing.
Still, a tool is a tool. You must know how to wield it to make good use of it—and avoid injury.
A panel of experts at Compliance Week’s virtual Third-Party Risk Management and Oversight Summit last week offered compliance practitioners a how-to primer on just that.
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The chief compliance officers of Google and Uber offer insight into how their data analytics compliance programs have evolved amid enhanced scrutiny on use of technology from the Department of Justice.
Respondents to a survey from Compliance Week and Dun & Bradstreet overwhelmingly indicated cybersecurity to be the most important compliance-related area affecting third-party risk management in the new year, though fraud and other risks should still be on their radar.
Companies are at serious risk of facing multiple fines for the same offense under different sets of legislation if the artificial intelligence technologies they employ misuse personal data or cause harm to consumers, according to legal experts.
Compliance failures in the supply chain are hampering organizations’ efforts to implement environmental, social, and governance initiatives and meet disclosure requirements, according to a new report by U.K. law firm Burges Salmon.
Examiners with the Securities and Exchange Commission found investment advisory firms have generally done well creating processes to comply with the agency’s amended marketing rule but some have fallen short in ensuring compliance.
Sen. Tom Cotton (R-Ark.) is calling on the Biden administration to investigate and ban Chinese e-commerce company Temu over forced labor and data privacy violation concerns.
