Tasked with managing risk, navigating uncertainty, and leading with clarity, compliance officers and their teams need to be able to operate under pressure and respond decisively. According to Fabiana Lacerca-Allen, JD, LLM, Chief Compliance Officer at Cipla USA and author of The Crisis Capable Leader, and Brenda Crabtree, former U.S. Naval officer turned Director of Compliance at Vaxcyte, these traits are best honed by leaning ...
Organizations worldwide face mounting pressure to navigate the complex waters of ethics and compliance. With stricter regulations and higher stakeholder expectations, companies can no longer afford to improvise their compliance initiatives. The question remains: Do you know your risk? The key to success? Real-time insights. By leveraging up-to-the-minute data, businesses can identify potential issues before they escalate, swiftly adjusting course to avoid penalties. This agility ...
The PowerSchool data breach has become a defining example of third-party risk failure in education and EdTech. It's a harsh wake-up call for ethics, Governance, Risk, and Compliance (GRC) teams. What Caused This Data Breach? On December 28, 2024, PowerSchool confirmed a compromised credential had been used to access its PowerSource customer portal—a system that supports school staff across 17,000 districts and serves over 55 ...
Enterprise risk assessments (ERA) and business impact assessments (BIA) are the heart of operational resilience. Both are foundational to managing risk. Each plays a distinct role in helping companies navigate uncertainty. But they are not interchangeable. What’s the difference? ERA is about prevention. BIA is about recovery. What is an Enterprise Risk Assessment? An ERA takes a wide-angle lens to risk. It’s designed to identify and prioritize ...
Horizon Scanning, integrated within the SAI360 platform, leverages the latest advancements in AI to identify emerging risks stemming from micro and macro global events. Capturing external intelligence ranging from competitor missteps and new regulations to shifts in public sentiment, Risk Radar can identify patterns and interpret threat levels according to an individual organization’s unique framework. This results in a number of competitive advantages. Below, we ...
In an interconnected world where disruptions can have far reaching consequences, a modern global approach to operational risk is essential. Integrating the right elements into a unified framework streamlines resilience, enhancing efficiency and collaboration. This approach aligns strategies with global standards, simplifies compliance, and boosts agility in facing new threats. Operational resilience thrives when managed through a holistic framework that ensures accountability and adaptability. Read ...
Third-party compliance training (or a lack of) has been hitting the mainstream media headlines, given our increasingly interconnected world. Case in point? When Equifax experienced one of the largest data breaches in history, it wasn’t their own security systems that failed—it was a vulnerability in a third-party software vendor¹. The result? Personal data for nearly 150 million people was exposed, leading to a $425 million ...
From the Great Resignation, climate disasters, political unrest, ongoing cyber threats, and more, business resilience now means something completely different than it used to just a few years ago. Organizations must be equipped to navigate business disruptions and maintain continuity. Businesses face a myriad of risks that can severely impact operations. These include: Operational Disruptions: Natural disasters, pandemics, and political unrest can halt business operations, affecting supply ...
The business world is incredibly unpredictable. Businesses face challenges that can disrupt operations in an instant. From cyberattacks to global crises to climate change emergencies, the ability to adapt and bounce back has become a hallmark of successful organizations. Business resilience isn’t just a buzzword—it is a strategic approach to maintaining profitability and ensuring sustainable growth. Did you know? Economic loss from the January 2025 ...
What happens when the vendors and contractors you rely on every day become your biggest compliance risk? For many companies, third-party partners are essential to business growth. However, using third-party vendors can also pose a threat to business continuity and increase your organization’s risk of reputational damage. Three in four organizations, reports KPMG, experienced at least one significant business disruption caused by a third party within ...
