In a rapidly digitizing world where cyber threats loom large, corporate boards are grappling with the imperative to fortify their cybersecurity measures. A collaborative effort between Diligent Institute and Bitsight sheds light on the intricate relationship between board governance structures and cybersecurity performance.
The Information Commissioner’s Office (ICO) has taken a significant stride towards enhancing international collaboration in data protection and privacy enforcement by joining the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE). This move aims to foster cross-border cooperation and streamline information sharing among participating countries.
Corporater, a global leader in software solutions for Governance, Risk, and Compliance (GRC) along with Performance Management (jointly addressed as GPRC), is proud to announce the launch of a new Business Process Management Engine. This powerful addition, introduced first in the Nordic market, is now available in its second version globally. Amid market volatility and evolving regulations, GRC complexity is rising.
The Federal Trade Commission (FTC) has unveiled its Privacy and Data Security Update for 2023, showcasing the agency's relentless efforts in safeguarding consumer privacy amidst evolving data usage by companies. Samuel Levine, Director of the FTC’s Bureau of Consumer Protection, emphasized the FTC's proactive stance against indiscriminate data collection and exploitation, underscoring the agency's commitment to securing meaningful remedies to protect consumer information.
The Internal Audit Foundation has released its annual North American Pulse of Internal Audit report, offering critical insights into the state of the internal audit profession. Based on survey responses from 448 Chief Audit Executives (CAEs) and directors, the report sheds light on key trends shaping the industry in 2024.
the U.S. Department of Labor has intervened in response to alarming findings of exploitative child labor practices at a Morristown manufacturing facility. Tuff Torq Corp., a prominent manufacturer of outdoor power equipment components, has been compelled to reckon with the consequences of its actions following investigations revealing egregious violations of federal labor laws.
The Public Company Accounting Oversight Board (PCAOB) has issued a disciplinary order against PricewaterhouseCoopers LLP (PwC), imposing a civil money penalty of $2.75 million for violations of PCAOB quality control standards concerning auditor independence. This decision follows an investigation into deficiencies in PwC's quality control policies and procedures, which failed to ensure timely consultation on complex independence issues.