All Technology articles – Page 16
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Mindset matters for governance and compliance success in the cloud
Shifting your organizational structure to align with a capability-based operating model can help you focus on delivering outcomes for customers, instead of concentrating on different departments and processes.
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Verizon report: Lion’s share of data breaches linked to organized crime
About 83 percent of data breaches are perpetrated by external bad actors and not employees, with 70 percent of those breaches linked to organized crime groups with financial motives, according to the latest research.
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News Brief
CFPB: ‘Poorly deployed’ AI chatbots harming banking customer service
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
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Responsible use cases exist for generative AI in compliance—if you plan carefully
The possibilities for productive use of generative AI are alluring, compliance professionals say. But harnessing the technology in an ethical and compliant manner requires thorough risk assessment.
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News Brief
FTC orders Amazon pay $30M for alleged Alexa, Ring privacy violations
Amazon is set to pay more than $30 million comprised of a civil penalty and consumer refunds to resolve two separate cases alleging privacy violations regarding its Alexa voice assistant service and Ring doorbell subsidiary.
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Ask a CCO: Importance of data analytics, AI over next 5 years
Six senior compliance practitioners forecast the impact advances in data analytics and artificial intelligence will have in their future compliance efforts.
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News Brief
Polite: Voluntary self-disclosure rising since DOJ policy changes
The Department of Justice has seen an uptick in self-reported potential misconduct by corporations since it increased incentives for voluntary disclosure, according to Assistant Attorney General Kenneth Polite Jr.
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Five years in, GDPR still a lightning rod for criticism
The General Data Protection Regulation risks losing credibility if enforcement is not harmonized and privacy by design is not at the heart of tech innovation, said EU officials during a summit marking the fifth anniversary of the legislation.
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Ask a CCO: Pressing pain point in working with data for compliance
Six senior compliance practitioners disclose hurdles their respective departments have faced in utilizing data for compliance purposes.
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Ask a CCO: Biggest priority for upgrading compliance tech
Six senior compliance practitioners share their biggest priority areas for making technological upgrades to their respective compliance programs during 2023.
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Article
Expert: It’s time to embrace artificial intelligence
The rapid rate at which technology is developing is staggering, particularly in relation to artificial intelligence. Can we, as compliance practitioners, keep up?
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Ask a CCO: Where has tech made biggest difference in TPRM efforts?
Six senior compliance practitioners explain the impact technological advances have had in streamlining third-party risk management efforts.
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Opinion
Highlights from Compliance Week 2023
Significant changes in policy and technology, in addition to fresh perspectives on tried-and-true compliance topics, highlighted the discussion at Compliance Week’s 2023 National Conference.
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Ask a CCO: Compliance team role in TPRM
Six senior compliance practitioners describe how their team contributes to third-party risk management at their respective companies.
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News Brief
OpenAI CEO to Senate: AI could harm world without regs
It is a good idea to regulate artificial intelligence programs like ChatGPT, the chief executive officer of the popular chatbot’s developer told lawmakers.
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News Brief
FTC warns businesses to risk assess uses of biometric technologies
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission, the agency warned in a policy statement.
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Survey: Compliance tech priorities focused on TPRM in 2023
Respondents to a survey conducted by Compliance Week and FTI Consulting largely indicated third parties to be the most heightened area of risk to their businesses this year, with reporting and dashboarding and enhancing analytics capabilities among top priorities.
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DOJ official: Compliance team access, visibility into data a sign of effectiveness
One of the ways the Department of Justice will assess a firm’s compliance program is by judging how accessible and visible a company’s data is to its compliance function, an agency official told attendees at Compliance Week’s 2023 National Conference.
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CW2023 leadership panel assesses new DOJ priorities, training impact
Recent policy changes at the Department of Justice provided plenty of fodder for a leadership panel of senior legal and compliance practitioners to discuss during Compliance Week’s 2023 National Conference.
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News Brief
Ex-Apple engineer charged with theft of trade secrets in DOJ sweep
A new strike force co-led by the Department of Justice and Commerce Department made an impact when charges against a former Apple engineer for theft and attempted theft of trade secrets were included as part of its first enforcement actions.