• Search in Protiviti.com

Results for

  • Blog
    Digesting SWIFT’s 2020 Customer Security Programme (CSP) and COVID Guidance – and What the Changes Mean to Your Organization
    In response to the current business climate produced by the COVID-19 pandemic, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) recently issued guidance to ease the strain on customers as they work to implement its updated Customer Security Programme (CSP) and Customer Security Controls Framework (CSCF). With a network that links more than 11,000 financial institutions in…
  • Blog
    Suspicious Activity Reporting: Government Aid Programs in the Spotlight
    Amid growing media coverage of fraud related to government loan programs and unemployment insurance claims, the Small Business Administration (SBA) issued an Information Notice (IN) on July 22 dealing specifically with the identification and reporting of suspicious activity related to the Economic Injury Disaster Loans (EIDL) Program. The IN is aimed at alerting depository institutions to the…
  • Blog
    Management’s Reporting on the Control Environment During COVID-19: Extra Attention Is Required
    Organizations across all jurisdictions and industries have been faced with the difficult task of drafting and submitting their financial statements to regulators and banks during the COVID-19 pandemic. This has led to unique challenges and logistics to ensure appropriate personnel are connected and able to perform their duties and, ultimately, report to regulatory bodies with accuracy. Many…
  • Blog
    Persevering and Prospering in the Time of COVID-19: Accounts Payable
    The accounts payable (AP) function has a significant effect on the bottom line, third only to sales and receivables. Now, many accounts payable teams have been caught short by the Coronavirus 2019 (COVID-19) pandemic, finding themselves unable to shift rapidly and securely to a remote payables workforce. Some businesses – whose workforce capabilities and processes are extensively paper-based –…
  • Blog
    Tech Can Help Oil and Gas Firms Survive Market Turmoil
    For organizations in the oil and gas (O&G) industry, the combined impact of COVID-19 and erratic oil prices have made for an unprecedented roller coaster ride. Many oil and gas companies are finding it difficult to cope, and others are likely to be severely impaired for the foreseeable future. However, even in the worst of times, there are tools and strategies that can help an organization…
  • Blog
    Postpandemic Real Estate Strategies: It Pays to Be Nimble
    Of the many things to consider during the pandemic, one of the more challenging areas is real estate. To a large extent, companies have done an admirable job of relocating large portions of their workforce to work-from-home (WFH) status — and on very short notice. But the current crisis will ultimately pass, and now is the time for organizations to consider how the changes they are making now…
  • Blog
    Know Your Customer: It’s All About Risk
    In early 2017, Protiviti published a white paper titled Remediate Risk, Not Files: Breaking the KYC Remediation Cycle. Primarily authored by my colleague Matt Taylor, the paper proffered that one of the main reasons financial institutions have found themselves caught in an endless cycle of Know Your Customer (KYC) remediation is that their remediation efforts are focused on papering the file and…
  • Blog
    Vulnerability Management for Manufacturers: Don’t Wait for an Event to Trigger a Response; Start Building a Program Today
    When Verizon released its Data Breach Investigations Report (DBIR) last May, it found 381 of the 3,950 data breaches confirmed in the prior year occurred in manufacturing businesses. Hackers’ motivations were largely financial, although espionage played a part as well. Nearly a quarter of incidents in manufacturing involved ransomware, which is especially damaging to those needing highly…
  • Blog
    E-Commerce Boom Heightens Privacy Risks, Creates Opportunity for Retailers to Enhance Data Practices
    At no time in history has customer data and privacy protection been a greater concern for consumers, businesses and regulators alike than in the current pandemic environment. The massive shift to online commerce and contactless payments that began in early 2020 spurred by confinement measures to contain the spread of COVID-19 has dramatically escalated security and privacy risks associated with…
  • Blog
    Organizations Zero In on the Digital IQ Gap, a Long-Term Risk Threatening Digital Transformation Success
    Organizations are placing an enormous amount of importance on digital transformation as they look for ways to enhance efficiency, boost productivity and trim expenses. Yet many of them are quickly discovering that they need to better develop their workforce’s “digital IQ” to fully optimize these technological investments. This message came through crystal clear in the recently released Executive…
Loading...