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IssueJust as companies were starting to believe they had a handle on their internal data management and the governance of structured data, a new technology wave in the form of digitization is sweeping the globe, rendering carefully crafted frameworks obsolete. This digital wave, fueled by massive quantities of unstructured and uncurated data being generated by social media, mobile devices and the…
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Over the past year, as one crypto organization after another has been beset by fraud or declared bankruptcy, countless headlines have surfaced warning of the death of the crypto industry. Yet the damage has been largely contained.
The developments have raised many questions about digital assets, cryptocurrency and blockchain technology as well as regulation and other factors that may help the…
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By Sharon Lindstrom - Global Leader, Manufacturing and Distribution Industry Practice, ProtivitiBy the numbers: Overall, organizations today spend an average of 30% of their IT budgets on and invest a fifth of their IT human resources in technical debt management.This research, based on a global survey of more than 1,000 CIOs, CTOs and other technology leaders, underscores the burden created by…
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Global IT systems are still in reboot and recovery after a software update by cybersecurity vendor CrowdStrike caused a massive worldwide outage of Windows computers. Global businesses, governments and organizations were impacted across several industries, including airlines, banks, telecommunications, and healthcare. While the dust settles on the specifics of the how and the why of the global…
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The big picture: Protiviti’s inaugural Global Technology Survey shows TMT companies are streamlining operations to save costs while managing a wide range of technology-related risks that could impede their ability to innovate.Go deeper: The survey underscores the need for companies to:Address challenges to innovation such as security and privacy-related risks, changing regulations and…
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Most consumer packaged goods (CPG) and retail companies recognize the urgency of innovation. At the same time, their information technology (IT) leaders also are concerned about obstacles such as regulatory and compliance pressures, difficult economic conditions, and resistance to change undermining their innovation objectives.
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ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organizations around the world. But it also comes with risks that these organizations must understand and manage if they’re going to capitalize successfully on these new technologies.In this episode, we talk all…
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The next 12 months are likely to be another challenging year for audit committees. The 9 topics we have highlighted for 2025 may include some areas audit committees would consider beyond the official scope of responsibility as outlined in their respective charters.
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Issue
Financial institutions have invested significant time, money and resources into developing and maintaining anti-money laundering (AML) compliance programs.
One key enabler of an AML compliance program is the software used to review customers, analyze transactions to identify suspicious activities, and provide analytical and research capabilities to support the filing, or non-…
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“Outsourcing and other third-party relationships can bring multiple benefits to FIs, including: enhanced operational resilience; faster and more tailored financial products and services; cost reduction; greater innovation; and improved internal processes. However, outsourcing and third-party relationships can give rise to new or different risks to FIs and potentially to financial stability that…
