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  • Blog
    April 5, 2018
    Organizations are being forced to adapt and respond to emerging disruptive technologies, both to take advantage of them and to avoid obsolescence. The need for change is significant, regardless of industry segment or the size or maturity of the organization. One of the most striking and important aspects of the resulting wave of digital transformation activities is how organizations engage and…
  • Blog
    April 6, 2018
    With the effective date of FinCEN’s Customer Due Diligence Rule, often referred to as the Beneficial Ownership Rule, just two months away, covered financial institutions (federally regulated banks and federally insured credit unions, mutual funds, brokers or dealers in securities, futures commission merchants, and introducing brokers in commodities) are – one hopes – putting the final touches on…
  • Blog
    April 6, 2018
    At Protiviti, we are enthusiastically committed to a culture of diversity and inclusion. This commitment is an important priority for us, especially when we see the progress needed to advance women in technical fields such as cybersecurity. Women in tech has been a hot topic for companies, and lack of diversity is now considered a business risk, as our technology industry leader, Gordon Tucker,…
  • Blog
    April 9, 2018
    Gartner opened 2018 with a call for the market to shift its solution focus from governance, risk and compliance (GRC) to integrated risk management (IRM). We at Protiviti agree with the basic proposition that organizations today are focused on reducing business risk, and that they want flexible, open solutions that allow them to more easily adapt to a rapidly evolving external environment and the…
  • Blog
    April 11, 2018
    When Protiviti conducted a procurement survey, Bridging the Gap Between Finance and Procurement to Maximize Value, in 2017, the responses of organizations in the financial services industry (FSI) appeared to suggest that the industry has been the most successful among the industry groups represented in the survey at finding the balance between procurement and finance. On closer inspection,…
  • Blog
    April 16, 2018
    Time and again, we talk with clients who are neglecting perhaps the most important feature in a solid data strategy: data governance. With the explosion of data resulting from an increasing adoption of digital initiatives and the undeniable fact that we are now living in a data-driven world, it is more important than ever for organizations to recognize the importance of protecting data as a key…
  • Blog
    April 17, 2018
    Cybersecurity breaches of magnitude and consequences that used to be unthinkable a decade ago are happening with alarming regularity today. But while breaches have exploded in scope, the basic weaknesses that allow them to happen remain much the same and can be summed up in five categories — weak user provisioning, lack of employee awareness, a lag in patch management, ineffective system…
  • Blog
    April 19, 2018
    Forward-thinking banks are acquiring and partnering with fintech firms to survive and thrive in an increasingly tech-enabled marketplace. By adopting emerging technologies and enabling open APIs (application programming interfaces) to allow third parties to build applications and services around them — a concept known as open banking — banks are hoping to offer richer and more personalized…
  • Blog
    April 20, 2018
    [caption id="attachment_5774" align="alignright" width="347"]Protiviti's Agile Risk Management Philosophy[/caption] Timely and accurate risk identification and assessment are critical to strategic decision-making. A risk and control self-assessment (RCSA) can be a practical tool for providing that information. Many organizations struggle, however, with the level of organizational resources…
  • Blog
    April 23, 2018
    A quick Google search of “blockchain” and “oil and gas” predictably yields hundreds of thousands of results. Open some of these results and you will frequently see “Big Oil” and “BP” and “Shell.” As Big Oil represents only six of the thousands of energy companies, what does blockchain mean for everyone else? A dizzying number of new technology solutions are keeping companies across all…
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