It is one thing to have such an AML program in place, it is quite another to implement it effectively. And, it’s important to remember that implementation failures are specifically what draw the ire of regulators, complete with sometimes very hefty monetary and other penalties.
I thought this would be a good opportunity to share all the fascinating Cybersecurity topics i3 plans to make available to you to keep your North Pole Workshop safe and secure in 2022.
In our ever more connected world, the Internet of Things (IoT) is another example of how easy it is to forget "Security 101." There are now more devices than ever in the IoT category to please our every whim - devices such as home security systems, appliances, and even our children's toys communicate with us via an internet connection.
The password was quickly sold and in a short time, this organization's entire corporate network was made open and accessible.
If this company had even the smallest cybersecurity presence on staff, they would have known that MOST industrial espionage is an inside job. In fact, there was more than a 50% chance that the source code was being stolen from within its own walls.
Despite the maturing of Cybersecurity, inevitably there are organizations, large and small, that still aren't getting the message. Protecting critical information seems basic, but…
Is your company being asked for a SOC 2 attestation by your customers? SOC 2 stands for Service Organization Control 2, which reports on various organizational controls related to the five Trust Service Criteria: Security, Availability, Processing Integrity, Confidentiality, and Privacy. It is an audit conducted by an authorized CPA firm, adhering to rules and a framework provided by the AICPA (American Institute of Certified Public Accountants).
This is part of a series of blogs intended to both inform and provide potential solutions and resources to protect organizations of all sizes and industries from the perils of being a “connected” entity. In this follow-up, I explain the source and nature of the most recent and, potentially, most financially devastating of cyberattacks: Ransomware.
Most days, a Compliance Officer walks into their office and does one of many routine activities required by the Bank Secrecy Act or the PATRIOT Act. All of that changed on January 1, 2021 when the U.S. Senate voted to supersede former President Trump’s veto of the National Defense Authorization Act; legislators passed it into law and it includes the Anti-Money Laundering Act of 2020 (AMLA).
There are a number of benefits to outsourcing to third-party providers, but do business leaders truly understand the full scope of the holistic risks to their organization when deciding to hire an external provider?
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