The GDPR Regulation is Here – What Does It Mean for Businesses?

What is GDPR? After nearly three years of discussion, in April 2016, the EU agreed to adopt the General Data Protection Regulation (GDPR) framework. This regulation is to replace an existing Data Protection Directive (with effect from 1995) and will bring in provisions to protect the personal data and privacy of EU citizens, who transact […]

Rising US Protectionism – Testing Times for Global Economic Growth?

After a decade of recuperation from the global economic crisis, today all the major economies of the world are growing together. Global economic indicators are showing positive trend with better stability. International Monetary Fund (IMF) in its ‘World Economic Outlook’ has estimated global output to have grown by 3.7% in 2017 which is half a […]

Equifax Breach – Lessons for the Credit Reporting Industry

Continuing from our last week’s blog that described the big data breach at Equifax, this blog write-up attempts to shed light on how a data breach in any vendor firm in the service chain affects individual firms and the financial service industry as a whole. How loss of customer information affects financial services? One of […]

Emerging Cyber Threats and Rising Cyber Security Risks for Organizations

In this digital era, the internet has facilitated the quick adoption of technology by businesses making online transactions easier. However, with increasing digitalization, the number of cyber-attacks is on the rise. It seems organizations are not fully equipped to manage IT security and tackle security threats to their business operations. Cyber-attacks can adversely impact businesses […]

Surge in Divestment amid Changing Market Conditions and Consumer Behavior

Looking back at the first half of 2017, a trend was observed of companies giving off some of their business divisions. Companies across industries have been active in terms of portfolio adjustments. A Look at Some of the Divestments of H1 2017: Avaya, a technology company, agreed to sell its networking business to Extreme Networks. […]

Coping with the Hidden Costs of Outsourcing

Recurring hidden costs pose one of the greatest challenges of risk management when it comes to outsourcing of services. Outsourcing (offshore and nearshore) is known to save, in some instances, up to 80% of costs; however, this is seldom the case. There are six key hidden costs when it comes to outsourcing. The knowledge of […]

The Stench of Corruption: Is there a way to stop it?

Over the years, corruption has become a rising menace that its effect is rampant throughout our society. Recently, this issue created headlines across several countries such as India, Mexico, and China who have been struggling to combat corruption. Charles Caleb Colton once said: “Corruption is like a ball of snow, once it is set rolling, […]