Technology


2020Strategy

Tip sheet: 2020 priorities for accounting and audit regulators

2020-01-14T15:10:00+00:00By

With the new year under way, we highlight some focus areas of accounting and audit regulators—SEC, PCAOB, and FASB—that should be top of mind for boards of directors.

AI United States

White House proposes AI regulatory principles to limit government overreach

2020-01-07T22:18:00+00:00By

In sum, federal agencies should reject “rigid, design-based regulations” in favor of flexible approaches to artificial intelligence applications.

2020

Special report: Compliance 2020

2020-01-06T14:24:00+00:00By

CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.

CloudPricetag

FASB cloud computing cost standard to soon take effect

2020-01-02T15:35:00+00:00By

An updated cloud computing standard from the Financial Accounting Standards Board will clarify expenses associated with Web hosting arrangements for cloud computing.

CCPA

Survey: CCPA still poses compliance nightmare

2019-12-30T18:18:00+00:00By

With the clock ticking toward the Jan. 1 implementation date, Compliance Week and ACA Aponix asked 100 compliance practitioners whether their company would be CCPA compliant by the deadline. Their collective answer? Nope.

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Top ethics and compliance failures of 2019

2019-12-27T17:13:00+00:00By

From antitrust and privacy concerns in the tech world to compliance officer liability in the pharmaceutical industry to unethical practices in the banking and accounting professions, more than a dozen companies made Compliance Week’s list of the biggest compliance fails in 2019.

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Apple, Walmart among compliance winners of 2019

2019-12-27T17:13:00+00:00By

Strong social stances, a dedication to doing what’s right, and leading by example highlight the qualities exemplified by our list of ethics and compliance winners of 2019.

columnist icons - kyle

Most-trafficked content tells story of the compliance officer

2019-12-23T15:35:00+00:00By

Changes in the interests of our audience over the last several years help us to understand how much compliance officers must evolve in their jobs to meet the demands of a given time.

Data transfers

Top EU advisor: Clauses used for EU-U.S. data transfers ‘valid’

2019-12-23T15:18:00+00:00By

Big Tech can breathe a sigh of a relief that the mechanisms it uses to transfer data outside of the European Union to “third countries” provide sufficient privacy protection, according to a key advisor to the EU’s top court.

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Bill to combat robocalls heads to Trump’s desk

2019-12-19T19:33:00+00:00By

A popular bill intended to crack down on illegal robocalls has passed House and Senate votes with overwhelming majorities and will soon make its way to President Trump’s desk for final approval.

David Lefort

Companies deserve a break on rushed CCPA compliance

2019-12-19T16:47:00+00:00By

The CCPA has been rushed from the start, says CW Editor in Chief Dave Lefort, who believes the California attorney general’s plan to give leniency for companies making good-faith efforts is the right call.

Tech highway

Future-proofing the compliance professional

2019-12-16T16:19:00+00:00By Simone Jones, International Compliance Association

There may be many aspects of the future outside our influence, but something we can control is our ability to invest in our knowledge and skills to better prepare us for the opportunities and challenges we may be presented with.

Technology

International banking regulator: Big Tech ‘may pose risks to financial stability’

2019-12-13T18:29:00+00:00By

Big technology firms like Amazon, Facebook, Twitter, and Google are a potential risk if they get more heavily involved in providing financial services, says the Financial Stability Board.

TPRM2

Drowning in third-party risk? Let us throw you a life jacket

2019-12-06T16:43:00+00:00By

You need help managing your third parties, and over the course of two days in San Francisco, we hope to help you find the answers to the questions that keep TPRM stakeholders up at night.

Roger Wicker

Republicans, Democrats spar over federal privacy bill

2019-12-05T18:14:00+00:00By

Republicans and Democrats have differing opinions on the rights and role of a federal privacy law, but both sides agreed at a Senate Commerce Committee hearing Wednesday the time to act is now.

ClaytonTop

Technology at center of Clayton-moderated discussion at SEC

2019-12-04T21:56:00+00:00By

“Message received,” SEC Chairman Jay Clayton said as panelists at his discussion on global macroeconomic trends emphasized how technology is affecting markets and why regulators must lead rather than follow.

RobotDecisions

ICO draft guidance helps U.K. firms clarify AI choices

2019-12-03T16:34:00+00:00By

The U.K. Information Commissioner’s Office has released guidance that lays out four principles—based on the GDPR—companies must consider when applying AI to their systems.

Excellence in Compliance Awards

Introducing ‘The Excellence in Compliance Awards’

2019-12-02T22:03:00+00:00By

Compliance Week is making some changes to its annual awards for 2020, evolving the “Top Minds” recognition into a full-blown, specifically targeted awards program dubbed “The Excellence in Compliance Awards.”

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Senate Dems propose ‘clear as a bell’ U.S. privacy law

2019-11-27T21:12:00+00:00By

Senate Democrats have proposed a new federal data privacy bill that seeks to empower consumers and support their civil rights in the digital economy.

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e-Book: Special report: Maturing in your compliance technology journey

2019-11-22T11:02:00+00:00

Our second annual special report on compliance and technology addresses the challenges and opportunities posed by the continuing evolution of the compliance function and the advanced tools that both power it and make it infinitely more complex.

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Webcast: Improving efficiency with intelligent compliance

2019-11-21T14:54:00+00:00Provided by

Learn about the skill sets needed for compliance roles to succeed in the future, why security is becoming more important to compliance and supervision infrastructure, and compliance technology developments.

Jamison_index

Guest column: Consumers embrace Big Tech

2019-11-21T14:25:00+00:00By

Mark Jamison of the American Enterprise Institute discusses why breaking up Big Tech would be bad for consumers, startups, and more.

CryptoRisk

Regulators wary of crypto as digital assets go mainstream

2019-11-20T20:57:00+00:00By

Federal agencies struggle to categorize digital coins as currency, securities, commodities, property, or something else—but even as they dither, some big companies strive forward in the digital assets arena.

Femtech

‘Femtech’ wanders into uncharted regulatory territory

2019-11-20T20:57:00+00:00By

Applications that serve women’s health needs could soon be held to a higher standard of accountability for protecting users’ data if they become classified as “covered entities” under HIPAA.

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Six steps for developing an AI ethics framework

2019-11-20T20:56:00+00:00By

Artificial intelligence can undoubtedly improve processes and create efficiencies, but it can also be an enormous risk if it’s not designed with ethics in mind.

AI CWE2019

Regulators need experts in AI, too

2019-11-20T20:56:00+00:00By

Machine learning isn’t something that’s going to happen—it’s already happened. Ali Shah, head of tech policy at the U.K. Information Commissioner’s Office, discusses how artificial intelligence will impact regulators.

DIgitalUnease

U.S. consumers express unease over personal data collection

2019-11-20T14:57:00+00:00By

A recent survey says a majority of Americans don’t trust data privacy policies and procedures, even while U.S. companies are hastening to enhance them in advance of the California Consumer Privacy Act’s implementation.

Privacy War

Privacy warfare: Competitors, consumers pose new risks

2019-11-19T21:38:00+00:00By

With a new wave of privacy laws empowering consumers to police their own data, companies are facing increased risk in areas they might not have considered.

David Lefort

Ireland vs. Big Tech: The wait continues

2019-11-19T21:37:00+00:00By

It’s been 18 months since the General Data Protection Regulation went into effect, and still no violations have come out of Ireland. Is the Emerald Isle dragging its feet? CW Editor in Chief Dave Lefort attempts to answer that question.

GDPR panel

Regulators sympathetic to GDPR growing pains but expect maturity

2019-11-19T21:37:00+00:00By

Officials from a pair of EU data privacy sanctioning bodies stressed importance of data protection officers and good-faith efforts to comply with GDPR.

CCPAUpdate

10 things you need to know about CCPA compliance

2019-11-19T21:37:00+00:00By

It’s go-time for compliance as the clock ticks toward the Jan. 1 effective date of the California Consumer Privacy Act.

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Survey: Compliance struggles to keep pace with mobile, social tech in workplace

2019-11-18T22:11:00+00:00By

A new survey shows the use of personal devices and contemporary communication platforms are par for the course in work settings; yet 45 percent of firms feel they are incessantly behind the eight-ball when it comes to managing electronic message compliance.

SoftwareChoice

Best practices for choosing the right data privacy software

2019-11-18T21:41:00+00:00By

Don’t expect a plug-and-play technology solution to this complex new problem.

ThumbsUp

Data-driven compliance can create business success

2019-11-18T21:41:00+00:00By

Smart uses of data analytics show companies can not only improve their compliance programs with technology, but actually create bottom-line results for their companies as well.

Microsoft

Microsoft updates cloud contract privacy amid EDPS probe

2019-11-18T21:11:00+00:00By

Microsoft has updated the privacy provisions of its commercial cloud contracts amid a European Data Protection Supervisor investigation that revealed “serious concerns” in its preliminary findings.

Tesla

NHTSA probing Tesla for defects that cause battery fires

2019-11-18T16:39:00+00:00By

The National Highway Traffic Safety Administration has launched an investigation into electric-car company Tesla over potential battery defects that allegedly cause its vehicles to suddenly burst into flames.

Cyber locks

Proactive approach needed in today’s cyber-crime environment

2019-11-18T15:23:00+00:00By

An expert sheds light on behavioral science-driven solutions that help businesses prepare for a breach before it happens.

Cyber

Cyber-security glossary

2019-11-18T15:21:00+00:00By

For those unfamiliar with the vernacular involved with cyber-security and the methods by which bad actors attempt to access restricted data, we present this glossary of common terms.

Technology maturity

Special report: Maturing in your technology journey

2019-11-18T15:12:00+00:00By

Results of Compliance Week’s second annual technology survey suggest companies are moving along the technological maturity curve in ways that are both quantitative and qualitative compared to last year.

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White paper: Artificial Intelligence & Human Analysis: A Collaborative Relationship

2019-11-18T05:23:00+00:00Provided by

While many industries have become fixated with the potential of AI – including the field of corporate due diligence – asking if it will replace the human component may be the wrong question.

Blockchain

Internal control best practices for blockchain technology

2019-11-14T17:19:00+00:00By

Those in accounting who want to understand better the inherent risks, threats and vulnerabilities, and internal control best practices associated with the use of blockchain technology now have a first-of-its-kind framework to follow.

California

From sea to shining CCPA: Microsoft to extend privacy law across U.S.

2019-11-13T18:27:00+00:00By

In a blog post this week, Microsoft announced its intention to extend the core rights of the upcoming California Consumer Privacy Act to its customers across the United States.

columnist icons - kyle

Mistrust mars Google’s acquisition of Fitbit

2019-11-12T18:30:00+00:00By

Fear and frustration were prevalent among Fitbit owners after its pending acquisition by Google was announced. Given the tech giant’s recent privacy lapses, it’s tough to blame them.

DarkDigitalRoad

DOJ: Big Tech’s data collection creates ‘avenues for abuse’

2019-11-12T17:43:00+00:00By

The Department of Justice’s top antitrust official warns tech giants the government is being “extra vigilant” about sniffing out anticompetitive behavior deriving from mass data collection, mindful of its harmful effects on both users and competitors.

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Webcast: Business process outsourcing for compliance

2019-11-12T11:08:00+00:00Provided by

It started with call centers, human resource management, such as payroll and training, followed by IT and the cloud and now…compliance? Is the compliance department the next function that starts outsourcing its time and labor-intensive processes to a third-party vendor?

Analytics

Case study: How 3M uses predictive analytics

2019-11-11T18:32:00+00:00By

At a recent virtual conference, Michael Duran, chief ethics and compliance officer at 3M, shared in candid detail lessons learned from the company’s journey toward predictive analytics.

IBMBoACloud

IBM, BoA collaborate on financial services-ready public cloud

2019-11-07T15:08:00+00:00By

IBM announced it has designed the world’s first financial services-ready public cloud and is welcoming financial services institutions and their suppliers to join. Bank of America is already on board.

Blockchain

Volvo becomes latest to join Responsible Sourcing Blockchain Network

2019-11-06T17:51:00+00:00By

The Responsible Sourcing Blockchain Network announced its digital supply chain for cobalt has moved beyond pilot phase and is progressing toward use in live production computing environments from spring 2020, just as Volvo joins as its newest member.

Googlecrop

Google facing privacy lawsuit from Australian regulator

2019-10-29T15:30:00+00:00By

Australia’s competition regulator has filed a lawsuit against Google for alleged misrepresentations regarding user data collected in relation to location services on Android devices.

Certent Driving ROI

White paper: The Case for a Comprehensive Equity Compensation Solution White Paper

2019-10-29T10:59:00+00:00Provided by

Compensation structures continue to evolve, with new and added award types, a greater demand to tie pay to performance, more complex accounting, and more time being spent addressing participant questions and issues.