Atul Vashistha, CEO, NeoGroup, in conversation with Mark Hillary on the CX Files podcast, discussing the importance of establishing better governance and continuous risk monitoring to mitigate third party risk.
The digital convergence journey is leading organizations to enhanced data processing, storage, retrieval, and value. At the same time, the regulatory sector is catching up and will likely begin using the same technology breakthroughs that we are implementing to test our compliance capabilities and diligence, and enhance our businesses. The General Data Protection Regulation (GDPR), […]
Globalization has enabled, and in many cases demanded enterprises, both large and small, to generate value through a globally distributed third party network. Manufacturing in China, IT from India, outsourcing to the Philippines, and near-shoring with Mexico are results of a willingness to source globally and extract value and realize the benefits and unique advantages […]
In an earlier blog, we spoke about how global sourcing magnifies risk. Essential to building a comprehensive Third Party Oversight program is a clear understanding of the importance of third party risk. Auditors are challenging businesses on how they identify and manage the risks of third parties that have significant impact on reputation, compliance, and […]
While companies across the business spectrum are embracing a host of digital technologies for all aspects of operation transformation, senior executives are rallying around the need to pick up the pace of transformation. These challenges are not new and neither are some of the solutions as the industry has encountered and resolved similar problems in […]
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 […]
According to a recent survey conducted by Deloitte, 87% of business executives believe that reputation is their largest risk area and only 19% of respondents committed to having their businesses adequately protected. In today’s world with hackers found in almost every third street waiting for corporates to make a miss, it becomes a ‘need’ for […]