The coronavirus pandemic has gone from being a story we heard about in the news, to a growing concern, to an almost worldwide lockdown, and then finally a global macroeconomic issue in just the matter of a few months. The spread of the virus scared markets into a freefall as the virus began to spread throughout the world. Although nobody is quite sure how this whole saga will end, all organizations, entities, and institutions need to be prepared for a vast array of possible effects and outcomes as we get deeper into this crisis.

This global pandemic, and how it…

Guest Blog — Michael Rasmussen, GRC 20/20 Research LLC

Governance, risk management, and compliance — what we refer to collectively as GRC — is the capability to reliably achieve objectives [GOVERNANCE], address uncertainty [RISK MANAGEMENT], and act with integrity [COMPLIANCE]. Over the past twenty years, we have seen technology evolve and mature to assist organizations in achieving this definition of GRC.

This evolution of GRC technology started with engaging the back-office functions of GRC, what we often call the second and third-line of defense. …

In a time of crisis, standards and codes of conduct are increasingly important. In our current environment, business is uncertain, most work is being done remotely and supply chains are being stretched thin. Many are drying up altogether — making the compliance functions within your organization progressively more essential as it can act as an overall guide for your organization in its attempt to navigate the crisis and all of the new domains of risk that go along with it. …

A crisis can often amplify complexities. This is certainly true of modern business in 2020 with a world on lockdown, a pandemic sweeping through the globe, economic uncertainty, a remote workforce, an increase in cyber-attacks, political uncertainty in some parts of the world, and regulatory requirements and compliance obligations are among some of the major risks organizations are currently facing.

The idea of a global pandemic was not on the radar of most risk managers in many parts of the world just a few months ago. It is not a potential risk many organizations have prepared for and have developed…

Gillian McPherson is an expert advisory partner for RUBIQ, focusing on the field of Privacy and Data Protection law both in South Africa (PoPIA Act) and internationally (specifically the EU General Data Protection Resolution). Gillian is an attorney with many years of practical experience dealing with corporate compliance, predominantly in the financial services sector. Gillian believes that rather than seeing data protection compliance as an imposition, businesses should embrace the opportunity to examine their internal functioning and make themselves more efficient in the way they operate and the manner in which they engage with their clients

How to use the…

The outbreak of the novel Coronavirus, more formally known as COVID-19, has hit the world hard in the past month. The world economy is currently in a state of enormous fragility and uncertainty and large parts of the world have been completely shut down as an attempt to contain the spread of the virus. This outbreak has completely dominated the world news cycle, with loads information coming out every day from seemingly everyone and anyone with access to the internet.

Lost to many people in this vast myriad of different voices, all spreading their own narrative on the outbreak, is…

Many organizations throughout the world have been busy overhauling their IT and cybersecurity systems as regulators begin to clamp down on consumer privacy and data security — with legislation such as GDPR and CCPA taking centerstage. Despite this recent increased emphasis, many organizations fail to properly assess and recognize the weakest links when it comes to cyber risk.

Cyber and information risk and compliance exposure, in the chaotic modern business world, is a complex mesh of vulnerabilities that crosses through different departments and functions within the business and its operations. …

Regulators have recently put an increased emphasis on operational resilience within organizations — which can be defined as the ability of an organization to withstand and adapt to any sort of emerging risks and shocks. In July, the UK’s Financial Conduct Authority (FCA) and the Bank of England published guidelines on building operational resiliency. These guidelines include a plethora of critical advice for business’ looking to be operationally resilient, including encouraging a focus on identifying critical business services and a look at the ever-growing threat from cyber risks.

The risk management model being encouraged is to identify critical business services…

The world’s elite have gathered in Switzerland for the 50th annual World Economic Forum to discuss issues such as the world economy and climate change. As the eyes of the world shift to Davos (the infamous location of the annual gathering), many eagerly await to see how the rich and powerful plan to tackle the most serious issues facing the globe.

One of the positive attributes of the event is a Global Risk Report — a well written and researched report outlining the greatest risks the global community faces produced by the World Economic Forum. The Global Risk Report surveys…

The past year was a pivotal year in regards to cybersecurity and data privacy legislation throughout the world. GDPR dominated in media headlines of course, racking up huge fines for companies that experienced data breaches and were found non-compliant. In the U.S., the California Consumer Privacy Act (CCPA) garnered the most attention, and even federal lawmakers in the country made moves towards a variety of different bills and regulation proposals for consumer and data privacy. A number of other states in the U.S. also made moves towards privacy legislation, including New York, Massachusetts, and Nevada.

There is no denying that…

RUBIQ

Reimagining how organizations approach Governance Risk & Compliance

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