Environmental, social, and governance (ESG) policies and practices have become a hot topic for discussion among both corporate leadership teams and regulatory agencies in recent months. Risk Management Magazine summarizes some of the circumstances that have contributed to ESG’s rising profile in risk and compliance management strategies: “The concept has been around for years, but myriad factors increased its prominence in the last year: the ongoing COVID-19 pandemic, the unprecedented social unrest in 2020,…
2020 and 2021 brought unforeseen challenges for organizations of all kinds, prompting many to take stock of their governance, risk, and compliance (GRC) management practices. Moving forward, leadership teams must take a proactive approach to addressing compliance risks and developing policies that support effective governance. 3 Compliance Challenges to Prepare for in 2022 As executives and compliance professionals alike consider how to make risk-based decisions about managing uncertainty, let’s look at a few areas…
In March of 2020, thousands of organizations sent their employees home. In the United States, the novel coronavirus outbreak very quickly turned from international news into active concern about how to prevent the spread of a highly infectious virus. Many employers can support remote work, but with such a large-scale and abrupt transition, what long-term risks present themselves? 1. Cyber Risk Cybersecurity poses the most obvious threat. Tessian’s Back to Work Security Behaviors Report found that…
Many organizations struggle to keep up with emerging risks in today’s evolving and uncertain business environment. And the consequences of certain risks — such as data breaches — can be dire, both financially and reputationally. The high stakes of governance, risk, and compliance (GRC) management make a proactive approach essential. To protect your organization and its objectives, your GRC strategy must include a standardized, integrated technology architecture, which provides the visibility and agility needed…
Consumer data privacy is a growing concern for customers, businesses, and regulators alike. Just this year, at least 38 states introduced more than 160 consumer privacy–related bills, according to the National Conference of State Legislatures. Following proper data usage and advertising practices has become a high priority for organizations, as penalties for not complying with new legislation are high. To keep track of the moving target of privacy-related regulation, organizations need to find innovative…