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  • Blogs

    March 2, 2020
    Blog: Economic Conditions, Digital Adoption and Talent Shortage Headline the Top Risks List for Tech Companies in 2020
    By Gordon Tucker, Managing Director - Global Leader, Technology, Media and Telecommunications Industry Practice, Protiviti Technology, media and telecommunications (TMT) organizations around the globe entered 2020 feeling uncertain about their prospects for business growth in the year ahead. The potential for a downturn, which increases every day after the long streak of economic growth we’…

  • Blogs

    March 2, 2020
    Blog: Cybersecurity Trends in 2020: What to Expect and How to Prepare
    By Curt Dalton, Managing Director - Global Leader, Security and Privacy practice, Protiviti Cyber attacks continue to rank among the leading business concerns in 2020, according to the eighth annual Executive Perspectives on Top Risks, a joint survey by Protiviti and NC State University’s ERM Initiative. Drawing on responses from 1,063 board members and executives from around the world, the…

  • Blogs

    March 2, 2020
    Blog: Risk Realities and Enterprise Risk Management in 2020
    By Jim DeLoach, Managing Director, Protiviti Uncertainty and opportunity are two familiar bywords of the digital age. An ever-changing and disruptive marketplace provides an abundance of opportunities, but it also creates proliferating risks which can upend any organization whether it chooses to pursue those opportunities or not. And that is what’s especially fascinating about the digital age:…

  • Blogs

    March 20, 2020
    Blog: Financial Institutions Should Prepare for High Absenteeism, Operational Disruptions as Coronavirus Outbreak Worsens
    By Douglas Wilbert, Managing Director - Risk and Compliance and Dugan Krwawicz, Associate Director - Technology Strategy While the scale and duration of the Novel Coronavirus (COVID-19) pandemic is not yet fully understood, financial institutions, lawmakers, government and regulatory officials are working urgently to implement measures that will arrest the disruption to employees and customers,…

  • Blogs

    June 5, 2020
    Hong Kong Monetary Authority - Bank Culture Reform
    On 19 December 2018, the Hong Kong Monetary Authority (HKMA) issued a circular titled “Supervision for Bank Culture” which provided further guidance to its original 2 March 2017 “Bank Culture Reform” guidance. The new guidance introduced supervisory measures to Authorized Institutions (AIs), including self-assessments and site visits. The HKMA commenced a self-assessment exercise under the new…

  • Flash Report

    July 30, 2020
    National People's Congress of China Publishes Draft of New Data Security Law
    On July 3, 2020, China’s top lawmaking body, the National People’s Congress of China (NPC), published the draft of China’s Data Security Law (DSL) for public comment. If passed, this law will establish a regulatory framework for data security in China, with a focus on governing data that, if leaked, could impact the country’s national or economic security, social stability, or public health and…

  • Newsletter

    January 25, 2022
    Security & Privacy Insights – January edition
    26% Rampant Rise in Ransomware Attacks Leaving APAC Companies Defenseless Three Notorious Ransomware as a Service (RaaS) groups accounted for more than 60% of all ransomware attacks According to Cognyte’s Cyber Threat Intelligence Research Group[1], ransomware attacks nearly doubled in the first half of 2021, with 1,097 organisations experiencing a ransomware event, compared to 1,112 events for…

  • Newsletter

    April 14, 2021
    Hong Kong Top Compliance Risks
    Over the last 12 months, there has been an unprecedented period of uncertainty and disruption globally. In Hong Kong SAR (HKSAR), the period of uncertainty stretched to 24 months, as the social unrest that began in March 2019 led to heightened geopolitical tensions even before the COVID-19 pandemic hit in early 2020. These two incidents contributed to changes in regulatory priorities and programs…

  • Whitepaper

    September 20, 2019
    Hong Kong Exchange proposes changes to the Environmental, Social and Governance Reporting Guide and Related Listing Rules
    Background Global and regional regulatory authorities are increasingly requiring their regulated entities to broaden the spectrum of information disclosures. For companies listed on the Stock Exchange of Hong Kong (HKEX), environmental, social and governance (ESG) reporting is one of the latest additions to these information disclosures. HKEX recently issued a consultation paper, "Review…

  • Blogs

    July 30, 2019
    Financial Action Task Force Set to Rate Hong Kong “Compliant” in Anti-Money Laundering Evaluation
    According to a press release by the Hong Kong government, Hong Kong is set to receive an overall rating of “Compliant” in what will be its Fourth Financial Action Task Force (FATF) Mutual Evaluation. The Mutual Evaluation Report (MER) is scheduled to be released in September 2019. The expected rating represents a significant improvement over the Partially Compliant rating assigned to…
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