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  • Blog
    GDPR: Here’s What’s Happened So Far
    After four years of preparations and numerous revisions, the General Data Protection Regulation (GDPR), the most-lobbied piece of legislation in the history of the European Union, was finally approved by the EU Parliament in April 2016. Following a two-year transitional period, the GDPR became enforceable on May 25, 2018. Within hours of the regulation taking affect, popular U.S. news sites were…
  • Blog
    GDPR and How It Affects Third-Party/Vendor Handling of Personal and Employee Data
    Protiviti has issued a series of podcasts on various specific aspects of the General Data Protection Regulation (GDPR), the comprehensive EU data privacy law that became effective May 25, 2018. Below, we offer a transcript of the conversation with Jeff Sanchez, Managing Director with Protiviti's Security and Privacy practice, discussing the changes data controllers and processors will need to…
  • Blog
    Applying RegTech to KYC Activities, Including Periodic Reviews: A Brief Overview of Possibilities
    The burden of regulatory compliance for financial institutions continues to be onerous despite recent actions by the government to lighten the load. Notwithstanding the complexity of many regulatory requirements, stakeholders are increasingly demanding more from their compliance departments while also raising expectations for efficiency and cost-cutting. The processes around anti-money…
  • Blog
    How Is GDPR Enforced? Who Resolves Disputes? This Detailed Podcast Offers Answers.
    Protiviti has issued a series of podcasts on various specific aspects of the General Data Protection Regulation (GDPR), the comprehensive EU data privacy law that became effective May 25, 2018. Below, we offer a transcript of our conversation with Cal Slemp, a Managing Director with Protiviti's Security and Privacy practice. Cal gives an informative and fascinating overview of the…
  • Blog
    Tech Firms Helped Shape the New Labor Model — But They Need to Keep Evolving Themselves
    Technology companies know all about the need to stay nimble and scale fast to respond to change. They also know well the persistent challenge of trying to assemble enough skilled and diverse talent to help them fuel innovation and growth. To achieve both objectives, many tech firms were among the first to embrace the concept of the “shamrock organization” — a decision made by both necessity and…
  • Blog
    Can Machine Learning Improve Consumer Lending? We Think So.
    The ready availability of large volumes of internal, external and social media data, along with advances in analytics and the advent of machine learning (ML), appear to have created the perfect opportunity for improving consumer lending decisions. But how big of a role will – or should – machine learning play in lending decisions? Can it make the processes that financial institutions use to…
  • Blog
    Knowledge Is Power: What Higher Education Institutions Must Know About GDPR Compliance Risk
    In the coming months, as U.S. colleges and universities prepare to welcome students to a new academic year, a priority topping their to-do lists should be identifying and understanding their risk exposure to the European Union’s (EU) General Data Protection Regulation (GDPR). They also should be making appropriate changes to meet the technological, administrative and legal requirements of this…
  • Blog
    Managed Services Can Help Emerging Tech Firms Scale for Growth and Maintain Momentum
    Growth is the goal for emerging technology companies. When it happens fast, however, it can be challenging for these businesses to manage that change and to scale, especially in back-office areas like accounting, finance and IT. Setting up or optimizing core functions with labor-intensive processes is about the last thing business leadership wants to think about as they’re focusing on generating…
  • Blog
    The Financial Crisis of 2008 – May We Never Forget the Lessons Learned
    The subprime lending crisis of 2008, which led to significant distress in the financial markets, was a disaster of mega proportions. Its root causes are many, making it systemic in nature as opposed to a one-off situation in a specific company. Loan originators brokered financing of houses without regard to credit quality so they could get their up-front fees, take a walk and leave the inevitable…
  • Blog
    New Survey by Protiviti Measures SOX Automation, Costs, Hours and More
    According to Protiviti's 2018 Sarbanes-Oxley (SOX) Compliance Survey, released today, most companies are not taking advantage of available tools and technology, such as automated controls and testing and robotic process automation (RPA), to reduce the time and cost expended to achieve SOX compliance. Less than one-third of organizations are using technology tools such as automated process…
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