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  • Blog
    November 12, 2018
    Pecans in Peril: A Supply Chain Lesson From Hurricane Michael
    Natural disasters may be local and short-lived, but the devastation they cause can reverberate through the global supply chain for years. The time to be thinking about business continuity is long before a disaster strikes. Consider the recent case of Hurricane Michael. The Category 4 storm, which came ashore in the Florida panhandle, cut a swath through Alabama and the heart of Georgia,…
  • Blog
    November 13, 2018
    Ready for RPA? Five Implementation Risks to Keep in Mind
    Heralded as a “tech light” way to quickly eliminate repetitive work and reduce cost, robotic process automation (RPA) has been gaining wide acceptance and has been deployed by giants like Walmart, AT&T, Walgreens and American Express to automate both front-office and back-office processes. But RPA is not a cure-all. RPA, aka “bots,” while good at handling highly manual and repetitive rules-…
  • Blog
    November 15, 2018
    Why Organizations Should Consider a Cybersecurity Program Office
    As part of our Cybersecurity Webinar Series, we presented a webinar recently, discussing the value of establishing a program office dedicated to cybersecurity. Cyber crime is now considered one of the top three risks to an enterprise. Many organizations seek to build security by adding tools and processes on top of their established operations. We explore whether a different approach results in…
  • Blog
    November 16, 2018
    Hamstrung by Technology: What Organizations Can Do Now to Address Technical Debt
    The issue of technical debt – outdated technologies at the core of an organization's IT infrastructure – is becoming increasingly urgent as new digital technologies and emerging players unburdened by legacy systems reshape the competitive landscape. The problem is especially acute in the financial services industry, where mainframe technology supports key customer interfaces, and replacing it…
  • Blog
    November 19, 2018
    A Guiding Principle for a Smooth Transition: Get Smart While Getting Things Done!
    The merger and acquisition (M&A) fairytale goes like this: “I’m going to combine these companies and achieve great economies of scale – lower costs, less complexity.” The M&A reality is more like this: “Disentangling key dependencies takes longer than expected, the best people leave at the worst time, processes don’t align to system changes in a few client-facing areas, security…
  • Blog
    November 20, 2018
    Next Generation Internal Auditing: Addressing Risk in the Midst of Rapid Change
    At the  SIFMA Internal Audit Society Annual Conference earlier this month in Nashville, Protiviti sponsored a breakout session of future-minded internal auditors talking about innovation in the profession. The panel was moderated by my colleague, Protiviti Managing Director Michael Thor, and featured Michael Bidun, Executive Director in charge of internal audit innovation at Morgan Stanley;…
  • Blog
    November 26, 2018
    Enhancing Security Strategy for Cloud-Based Technology
    As part of our Cybersecurity Webinar Series last month, we presented a webinar on enhancing security strategy for cloud-based technology. Here is a summary of the topic discussed. For the full discussion, including questions from the live audience, click on this link to listen to the archived version of the webinar. State of the Industry Digital innovation is a double-edged sword: while it…
  • Blog
    November 27, 2018
    The Responsible Tech Firm Series Part 4: Corporate Social Responsibility
    Until fairly recently, companies rarely took public positions on anything but their products or services. That’s changing, particularly in the technology industry, as customers, shareholders and employees demand corporate social responsibility (CSR). Companies that want to build strong brands need to address CSR issues or face the prospect of losing investors, employees, and even the ability to…
  • Blog
    December 3, 2018
    2018 Finance Trends: Security, Privacy and Governance of Finance Data Are Top Concerns, for Good Reason
    Data security and privacy is receiving a lot of attention at the highest levels of organizations these days. Boards are asking about it, executive management is concerned about it, and a growing number of regulations are placing demand on organizations to respond and comply appropriately. We are not surprised then that finance data security and privacy ranked as the top priority for the finance…
  • Blog
    December 5, 2018
    U.S. Bank Regulators Encourage Innovation in the Fight Against Financial Crime
    In welcome news to the banking industry, the U.S. federal banking regulators (Board of Governors of the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the National Credit Union Administration), along with the Financial Crimes Enforcement  Network (FinCEN, and collectively the Agencies) issued a joint statement on December 3, 2018,…
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