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  • Blog
    May 8, 2017
    From Analog to Analytics: 2017 a Turning Point for Internal Audit
    With increasing demands for broader, more accurate and more efficient risk assurance, internal audit departments have officially entered the age of analytics. According to Protiviti’s 2017 Internal Audit Capabilities and Needs Survey, two thirds of internal audit functions have begun using data analytics on at least a limited basis, with two-thirds of the remaining respondents indicating that…
  • Blog
    May 9, 2017
    The Power of Small Changes in Pursuing Digital Transformation: A Retail Perspective
    Adaptability has always been critical to retail success. But in the digital era, where disruptive change is constant, many retailers find it difficult to evolve fast enough to remain competitive — let alone relevant. That is especially true for companies burdened by the weight of legacy business models, inefficient back-office processes and outdated technology infrastructure. A proof point: The…
  • Blog
    May 12, 2017
    The Internet of Things: A Game Changer for IT Audit
    I recently had the honor of attending the ISACA’s 2017 North America CACS Conference in Las Vegas, where I discussed how the Internet of Things (IoT) continues to transform the mission of IT auditors. The IoT is a perfect example of an all-around disruptor, including in IT audit departments, as businesses collect, analyze and act on data captured outside of the traditional IT boundaries. As a…
  • Blog
    May 15, 2017
    Was Friday’s Ransomware Attack Covered in Your Cyber Plan?
    Less than a month ago, my colleague Adam Brand talked about the need to include ransomware in the cybersecurity repertoire of companies, emphasizing a business outcome-driven approach to cybersecurity, rather than a narrow-focused sensitive data perspective. Last Friday’s global ransomware attack brought this message home with a bang. The wide-spread attack struck hospitals, companies and…
  • Blog
    May 19, 2017
    Retailers, Tech Firms and Financial Services Providers: It’s Time to Shape the Future of Mobile Payments — Are You Ready?
    The global mobile payments market is projected to reach US$780 billion by the end of 2017, according to research firm TrendForce. That figure seems impressive until you consider that the ability to pay for goods and services with a mobile device has been a reality for years. It’s been nearly a decade since Starbucks, one of the biggest mobile payments success stories to date, launched its app and…
  • Blog
    May 22, 2017
    States Champion Regulatory Streamlining; CFPB Remains Focused on Consumer Loan Servicing and Fair Lending
    While regulatory relief remains a topic within the Beltway, the Conference of State Bank Supervisors (CSBS), the nationwide organization of financial regulators from all 50 states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands, has already taken action to streamline the multistate regulatory oversight framework for one group of its regulated entities – money services…
  • Blog
    May 24, 2017
    Digital Transformation Success Requires Looking Inward First and Never Wearing Blinders
    To stay relevant in the digital economy, technology, media and communications companies must evolve on two fronts: externally and internally. The trick is that they must do both in tandem — and many find this difficult. External evolution relates to the role the company is playing to help propel the digital wave forward. Namely, what new and game-changing digital products, services and business…
  • Blog
    May 25, 2017
    Pro-Growth Signs in Washington Present Opportunity for Power and Gas Capital Investments
    Power utilities trying to gauge what the future regulatory landscape will look like are likely getting frustrated with the political cacophony in Washington. Yet judging by legislative activities in Congress and some of President Trump’s executive orders to date, pro-growth and job-creation policies are clearly top-of-mind among the nation’s lawmakers. For organizations that have been…
  • Blog
    May 26, 2017
    The Importance of Data Lineage for AML Systems
    Financial organizations have long embraced the advantages that information technology offers, and many are looking forward to larger digitalization initiatives to gain market advantage. Customers appreciate the convenience of digital offerings, while firms enjoy the reduction in operating costs that information technology enables. Of course, in the multifaceted, highly regulated environment in…
  • Blog
    May 30, 2017
    A Sea Change Is Coming – Transitioning to FASB’s New Lease Accounting Standard
    On the heels of the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, which becomes effective for calendar-year public companies beginning January 1, 2018, the accounting and internal audit world is gearing up for another significant accounting and financial reporting change beginning one year later (on the first day of the first quarter), January 1, 2019 – the new…
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