Conflict of interest (COI) is a serious issue that can have a significant impact on organizations of all sizes and industries. A COI occurs when an individual or organization has a personal or financial interest that could influence their judgment or decision-making. This can lead to biased decisions, decreased productivity, and even legal liability. COIs—which involve situations where an individual or company has a ...
To successfully meet their compliance objective, Chief Information Officers (CIOs) must implement a risk-adjusted information technology (IT) governance policy framework. Having good IT risk mandates in place enables you to better understand what your enterprise policies need to look like, and why. If done effectively and efficiently, having an appropriate framework in place in the right way safeguards your organization from risk and helps you ...
This article is part two of a two-part series. Read part one about the impact of regulations and rule changes here. When it comes to European chemical rules, complying with regulations can bring benefits to manufacturers. Protecting public health and the environment is an important consideration for stakeholders. By demonstrating their products are safe and environmentally friendly, manufacturers can enhance their reputation and gain a ...
Healthcare Information Technology (IT) risk and cyber events are becoming more prevalent. In the meantime, healthcare’s attack surface is expanding quickly. This is especially true as remote technologies, connected devices such as the Internet of Things (IoT), and digitization all become more commonplace industry-wide. Of course, the pandemic only accelerated healthcare’s ongoing digitization. Healthcare data records—unlike other Personally Identifiable Information (PII) present drastically higher monetary value for cybercriminals. ...
Not long ago, telehealth adoption amidst COVID-19 soared--seemingly overnight—and continues to be mainstream. Now, unfortunately, telehealth fraud is, too. The number of data breaches have soared since the beginning of the pandemic. In fact, 2022 was the second-worst year ever regarding the number of reported data breaches—only to be topped by 2021. Increased digital connections and communications in healthcare translates into increased audit and financial risks as ...
The link between Environmental, Social, and Governance (ESG) and positive corporate impact and performance is clear. Yet many organizations’ leaders and managers are still familiarizing themselves with operationalizing ESG metrics management and driving ESG efforts forward. Prioritizing ESG can engender stakeholder and community support, as well as reduce fines, risks, and penalties. Some industry analysts have reported a correlation between higher equity returns and better ...
Healthcare compliance executives are constantly challenged to stretch limited resources when executing a compliance work plan. Those looking for a path to better efficiency and effectiveness will find the answer lies in using healthcare compliance software solutions as a tool across every work plan stage. When building a provider compliance work plan, you need smart, well-designed compliance software. This will simplify your job and improve organizational effectiveness. ...
During first quarter, many organizations begin collecting their annual Conflict of Interest campaign responses. The importance of having a solid Conflict of Interest policy—along with proper education and training—cannot be overstated. It is fundamental to a meaningful compliance program. The need to know leads to the need to respond. Determining each employee’s or associate's outside interests ensures an organization is not unintentionally put into a ...
The U.S. Securities and Exchange Commission (SEC) has proposed a rule requiring that registrants (Entities traded on a U.S. Exchange and other entities whose securities are subject to SEC regulation) add a standard set of climate-related disclosures to their annual reporting. While the SEC Climate Disclosure Rule was expected to take effect in 2023, legal challenges and ongoing political debate have resulted in some delays. ...
Welcome to Cyber Monday, e-commerce's answer to holiday brick-and-mortar shopping. All over the world, laptops will light up, and browsers will point to online retailers for their amazing deals. Have you got that retail therapy out of your system now? Monday is also a traditional workday across the world. So, whether you work in HR, accounting, marketing, or any company department, now would be a ...
