The following are key thoughts and actions Comsure walked a client through after a recent data breach Report data violations promptly in line with data protection laws and regulatory responsibilities  there should be accountability and data security should be a priority. Implement controls and safeguards to mitigate the risks  for example, by promoting a security […]

Protecting your IT system and the information it holds is essential. An IT systems failure, cyberattack or data loss can be catastrophic for your business. As well as installing security software, you need to look at physical security and the way you manage your IT systems. An effective backup routine is vital. The threats Computer […]

The attached report looks at the anti-bribery and corruption legislation of Russia, Azerbaijan, Kazakhstan, Kyrgyzstan, Turkmenistan, and Uzbekistan and reveals significant differences in  law and approaches Only Russia, Azerbaijan and Kyrgyzstan also punish companies for the bribery of public officials as well as commercial bribery. In Kazakhstan, companies are punished only for the bribery of […]

COMPLIANCE = It’s all about making it easier to do the right thing and harder to do the wrong thing To help compliance and ethics practitioners to effectively perform their role, The Red Flag Group® has devised some suggestions for compliance officers to get ahead and demonstrate that they can add value in their companies. […]

89% of organizations in an OCEG 2017 GRC Maturity Survey reported that integration in governance, risk, and compliance (GRC) provided benefits that met or exceeded expectations. “Integrated GRC: The Key to Better Risk Awareness and Better Performance” delves into the benefits and best practices around GRC convergence. Take a look at this insight to understand […]

A joint report published by the government and the National Cyber Security Centre this week revealed the fact that only 16% of boards of FTSE 350 firms claim to fully understand the impact of loss or disruption associated with cyber threats, despite 96% having a cyber security strategy in place.   https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/783263/FTSE_350_Cyber_Governance_Health_Check_2018.pdf While this report […]

Financial institutions and other U.S. persons who conduct business with foreign parties have become increasingly aware of their obligation to thoroughly vet the parties with which they are doing business. Often, as part of their due diligence process, employees are tasked with screening the Office of Foreign Assets Control’s (OFAC) List of Specially Designated Nationals […]

John Harris, on bank de-risking to fighting the perception of being a tax haven. John Harris, spoke to Risk & Compliance Journal [Mar 18, 2015] on a variety of topics, from bank de-risking to fighting the perception of being a tax haven. The conversation has been edited for clarity. What is the Jersey Financial Services […]