- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-06-22T21:15:00
Compliance teams are taking more responsibility for issues related to information security (infosec) and data privacy, motivated by increasing threats posed by data breaches and cyber intrusions, according to a new survey from NAVEX.
Nearly a third (30 percent) of respondents in NAVEX’s “2023 State of Risk and Compliance Report” said their firm had suffered a data privacy or cybersecurity breach within the past three years. It was the most common compliance issue reported.
As a result, it is perhaps unsurprising 85 percent of respondents said infosec compliance was very important or absolutely essential for their organization, on par with regulatory compliance (83 percent).
2023-06-28T13:18:00Z By Kyle Brasseur
The Australian Prudential and Regulation Authority will require Medibank Private to hold 250 million Australian dollars (U.S. $166 million) in extra capital until the insurer remediates identified cybersecurity weaknesses after a significant data breach.
2023-06-08T20:06:00Z By Adrianne Appel
About 83 percent of data breaches are perpetrated by external bad actors and not employees, with 70 percent of those breaches linked to organized crime groups with financial motives, according to the latest research.
2023-03-28T19:44:00Z By Aaron Nicodemus
More whistleblowers than ever before filed reports with their employers in 2022, with more than half doing so anonymously, according to the latest hotline benchmark report from NAVEX.
2025-05-27T17:13:00Z By Ian Sherr
The world is rapidly changing. The European Union is stepping up rules and enforcement, while the United Kingdom is charting its own course. And now the United States is taking a third tack, with unclear regulation enforcement under a mercurial Donald Trump’s second term as president underway.
2025-05-27T17:13:00Z By Aaron Nicodemus
An overheated demand for compliance officers in the post-Covid era finally cooled off in 2024, according to Compliance Week’s Inside the Mind of the CCO survey.
2025-05-27T17:13:00Z By Aly McDevitt
At a time when the Trump administration is rewriting many of the rules, the compliance function is being embraced as a strategic partner to the C-suite and board, Compliance Week’s 2024 “Inside the Mind of the CCO” survey shows. The new objective: risk-assess the implications of Trump’s confetti of executive ...
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