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Protiviti and the International RegTech Association (IRTA) conducted a global study to investigate the effectiveness of existing (AML) know your customer (KYC or AML/KYC) processes, their impact on customer experience across various jurisdictions and the efforts by financial institutions to innovate KYC controls. This study focuses on the optimization of KYC processes. It provides a blueprint for…
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Cybersecurity, privacy, data and resilience dominate the top technology challenges for technology, media and telecommunications (TMT) organizations, according to the annual ISACA/Protiviti Global Survey of IT audit leaders and professionals. These issues, which already were top-of-mind risks for most organizations, have been fueled further by pandemic-driven times of remote work…
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On October 8, the Public Company Accounting Oversight Board (PCAOB) published its Staff Update and Preview of 2019 Inspection Observations. In 2019, the PCAOB inspected approximately 175 audit firms and reviewed portions of roughly 710 public company audits in the United States and abroad. Through the inspections, the board identified potential areas of improvement for all firms and good…
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We’ve all tried to imagine what goes on at the quantum level, but have you ever taken a photo of interference or grabbed a snapshot of quantum tunneling? Find out how to access quantum physics as a service and experiment with Bose-Einstein Condensates or BECs. This isn’t quantum computing, but it could lead to a whole new quantum-technology maker industry with real applications across sectors.…
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The Digital Operational Resilience Act (DORA), or more formally known as Regulation (EU) 2022/2554, took effect on 16 January 2023, with final industry compliance required by 17 January 2025. The regulation underscores the importance of digital operational resilience in today’s increasingly interconnected and digitized landscape and seeks to expand the reach of European regulators incorporating…
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In this episode of the Protiviti Legal Perspectives podcast series, host Chad Volkert, Global Solutions leader at Protiviti, welcomes Sunny Sanghani, a managing director in Protiviti’s Legal Consulting practice, to discuss key trends and challenges in the legal technology landscape. With nearly 18 years of experience at Protiviti, Sunny shares a unique career journey that began in internal audit…
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The proliferation of connected medical devices continues to introduce new cybersecurity risks that could impact patient safety and the security and privacy of patient data. To address these challenges, it is imperative that medical device manufacturers (MDMs) and healthcare delivery organizations (HDOs) collaborate effectively and prioritize medical device security (including design,…
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“Technology will help us be better stewards of managing risk by leveraging data to tell a story… It allows businesses to see actual data and say, “Wow, if we partner with legal in a different proactive way, we can avoid some of these costs.” -Mark Smolik, General CounselMark Smolik, Chief Legal Officer for DHL Supply Chain in the Americas, is no stranger to the demands placed on today’s corporate…
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Supply chain problems are still lingering. Technology integration, still lagging. And companies still are lacking skilled workers to fill key roles as they contend with high interest rates and a possible recession. Surveying the technology, media and telecommunication (TMT) industry landscape, the results of Protiviti’s 2022 Global Finance Trends Survey are not necessarily surprising. Some…
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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.
