Yearly Archives: 2017

Uncover and Mitigate Third-Party Risks
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Uncover and Mitigate Third-Party Risks

Third parties have become an integral part of any business operation. However, the threats and issues arising from third-party engagements require enterprises to gain an in-depth understanding of their entire global third-party ecosystem. Failing to curb third-party risks can lead to severe reputational damage and loss of stakeholder and customer trust, but assessing third parties […]

Can Marketing and Compliance Share a Playbook?
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Can Marketing and Compliance Share a Playbook?

I recently read an article in the Winter 2017 MIT Sloan Management Review, Mastering the Market Intelligence Challenge (Chari, Luce & Thukral). In this work, the authors address how “many multinationals simply import their domestic models into emerging markets.” And whilst this work is directed towards those who deal with market intelligence in emerging markets, […]

Crowdsourcing: Enriching Corporate Data for Risk Management
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Crowdsourcing: Enriching Corporate Data for Risk Management

Crowdsourced information from internal and external sources can enrich insight generated by governance, risk and compliance (GRC) teams to help companies mitigate risk and perform better in challenging environments. The public and collaborative nature of unstructured shared data sources (such as social media) can bring issues of interest to light faster than they may show […]

Principles of an Effective Cybersecurity Strategy
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Principles of an Effective Cybersecurity Strategy

Managing Cybersecurity Risks A number of trends contribute to today’s reality in which businesses can no longer treat cybersecurity as an afterthought. These include a rapid increase in the number of internet connected devices, an increased dependency on third party applications, self-provisioning as a result of bring-your-own-device and public cloud. Add to these, unprecedented levels […]

Are You Ready for the Predictive Analytics Revolution?
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Are You Ready for the Predictive Analytics Revolution?

Organizations face mounting pressure to improve operational efficiency, and drive business performance and profitability. Volatile economies, evolving regulatory frameworks, and threat agents that penetrate sophisticated detection tools demand more stringent measures. However, many organizations still rely on traditional and manual processes to manage risks, monitor fraudulent transactions, and investigate incidents that have the potential to […]

Components Of An Effective Third-Party Due Diligence Program
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Components Of An Effective Third-Party Due Diligence Program

Third-party intermediates such as distributors, resellers, agents, service providers, or business consultants are contracted to rapidly create a presence in or access to new or emerging markets. They can work as the first foothold in opening a commercial presence, both domestic and internationally. Also, they can provide insights of the local business environment and their […]