Results for Search Submit Filter by: Advanced Filter All results Solutions Industry Typelist People Client Story Insights/Blogs Filter Search Sort by RelevanceDate Order AscDesc Blog November 17, 2016 New Evaluation Tool Enables Boards to Assess and Improve Their Risk Oversight Prudent risk-taking is essential to the success of organizations seeking market opportunities and executing aggressive growth strategies. Boards of directors have a growing role in overseeing risk in the companies they govern. In fact, risk oversight is an integral part of a board’s responsibility to ensure the company’s risk profile is aligned with its strategy. Yet according to a NACD… Blog November 18, 2016 COSO Guide Seeks to Elevate and Evolve Fraud Risk Management Practices For many organizations, fraud risk management consists of checking boxes and thinking positive thoughts: “We hire good people.” “We have a code of conduct.” “We comply with Sarbanes-Oxley (SOX).” “Our hotline does not ring (for serious things).” “Fraud simply doesn’t happen here.” Of course, as forensic professionals, we know that this is not enough. So does the Committee of Sponsoring… Blog November 21, 2016 How Expensive Are Cybersecurity Attacks and Data Breaches? A Journal of Cybersecurity article earlier this year concluded that public concerns regarding the increasing rates of breaches and legal actions may be excessive compared to the relatively modest financial impact to firms that suffer these events. Based on a sample of more than 12,000 cyber events that include data breaches, security incidents, privacy violations and phishing crimes, the… Blog November 30, 2016 Compliance Insights Latest: The Future of Financial Regulation Still Unclear; Meanwhile, New Rules March On The recent election results weigh heavily on the minds of financial services professionals. All manner of questions have been raised regarding potential related regulatory impacts. Currently, there is ambiguity and speculation as to what changes are in store, when they will come, and the extent to which they will occur. What is certain is that change is inevitable, at least based upon what can be… Blog December 14, 2016 Your Personal Information Is Not Personal Anymore – So Who’s Guarding It? We live in an age of great convenience enabled by technology. Snap a photo of your check on your smartphone to make a deposit, simple. Rollover an IRA from your home office, easy. Change the password on your bank account from the airport, no problem. What is less apparent to consumers of these services is the risks they may be assuming by making use of these conveniences. And while few of us… Blog December 16, 2016 Brexit Raises Questions About Personal Data Protection Not all border crossings are visible. The decision by the United Kingdom earlier this year to leave the European Union (EU) brings a basket of challenges and opportunities for the management and protection of personal data through cyber checkpoints, once the UK goes its own way. Personal data is a crown jewel of commerce, and the secure transfer and storage of data across national and regional… Blog December 19, 2016 Engaging the New Workforce: Talking to Millennials Millennials, the ascendant demographic group of people who came of age in the early 2000s, will soon surpass baby boomers as the majority of the global workforce. This is not a trivial fact for employers. Without overstating a generational difference, it’s safe to say that millennials interact with information differently from previous generations. To connect with these workers more effectively,… Blog December 20, 2016 ‘Tis the Season to Get Serious About Part 504 There is nothing unusual with a U.S. bank regulator issuing a consent order (CO) to a foreign banking organization for deficiencies in the organization’s anti-money laundering (AML) compliance program. However, a December 2016 New York Department of Financial Services (DFS) consent order with an European bank and its New York Branch warrants a second look. The financial institution in question… Blog December 22, 2016 Fewer Oil Companies Are on the Edge of Bankruptcy — Is This Really Good News? In this Industry Perspective series, we offer the views of Protiviti leaders on developments and news in specific industries. The perspective below focuses on Energy & Utilities. A recent update from Debtwire states that 135 oil companies headed for bankruptcy is good news compared to the 180 companies that were on the Debtwire list in January. According to the article, oil prices have… Blog December 22, 2016 Four U.S. Regulatory Agencies Issue CECL FAQs – Here Is the Summary Four U.S. regulatory agencies – the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) – have issued a set of frequently asked questions (FAQs) in an effort to assist banks and other financial institutions with the implementation process… Load More
