Audit Board

MAY 24, 2022

Candace Jackson: In April of 2021, the Department of Labor came out with what they’re terming cybersecurity best practices. We’re calling these the “Big 12” for service providers — what they need to be doing and what they’re going to be asked about. As you go through a risk assessment, you want to know, what is the impact?

Start-ups 52

Start-ups Marketability 52

Audit Board

APRIL 21, 2022

Several high-profile ransomware attacks, including an incident involving Colonial Pipeline, which resulted in fuel shortages on the east coast, underscore the severity of the threat and why your organization should take steps to harden its defenses. Taking Action Today to Prevent a Ransomware Incident. Limit data access.

Compliance 98

Compliance 98

Audit Board

MAY 24, 2023

What Are the Five Pillars of the COSO Framework? Management defines organizational structure, authority, reporting lines, and responsibilities to execute on the company’s operational, reporting, compliance, and business objectives. The company establishes accountability for control responsibilities.

Compliance 52

Compliance B2B Technology 52

Audit Board

JANUARY 11, 2023

SolarWinds, Log4j, Kaseya: All are security incidents that have been in the headlines over the past several years; all are security incidents that resulted from third-party breaches. In the past year alone, organizations have had numerous serious threats to navigate, including incidents at GitHub and Toyota.

Compliance 52

Compliance 52

Audit Board

NOVEMBER 1, 2023

With an effective IT risk assessment process, companies can enhance their security posture, identify pervasive vulnerabilities, establish strong incident response procedures, and better safeguard sensitive information. What is IT Risk Management? What is an IT Risk Assessment?

Compliance 52

Compliance Technology Dividends Start-ups 52

Reynolds Holding

JANUARY 31, 2023

The deepfake might be an act of corporate activism or vandalism in response to some perceived wrongdoing by the company or the company’s executive. If your organization does not already have an AI Incident Response Plan (“AI IRP”) in place, it may be time to consider one. For the modern-day company, vigilance is key.

Start-ups 81

Start-ups Marketability Technology 81

Internal Audit 360

JANUARY 3, 2024

Securing the Fortress: Prioritizing Cybersecurity “What the ancients called a clever fighter is one who not only wins, but excels in winning with ease.” This responsibility extends to educating audit clients about the importance of cybersecurity in safeguarding their financial information.

Technology 52

Technology Business Valuation Compliance 52

Reynolds Holding

SEPTEMBER 30, 2022

In this Debevoise Data Blog post, we examine the growing cybersecurity threats to AI systems and how companies can prepare for and respond to these attacks. One of the most difficult challenges for cybersecurity professionals is the increasing complexity of corporate systems. Threats to AI Systems. Some threats to AI systems are familiar.

Technology 45

Technology Marketability 45

Reynolds Holding

NOVEMBER 20, 2022

In this Debevoise Data Blog post, we explore the key elements of the proposed AI Liability Directive, as well as steps that businesses should consider to enhance their AI governance and compliance programs in anticipation of these changes. Civil Liability and the “Closed Box” of AI.

Compliance 49

Compliance Start-ups Technology 49

Audit Board

DECEMBER 18, 2022

The Cybersecurity & Infrastructure Security Agency (CISA), Cyber Safety Review Board (CSRB), Securities and Exchange Commission (SEC), and Senate are each working to establish guidance and disclosure protocols for preventing and responding to cybersecurity incidents. What Is the Securing Open Source Software Act (SOSSA)?

Compliance 98

Compliance Start-ups 98

Audit Board

AUGUST 16, 2023

Effective risk management takes a proactive and preventative stance to risk, aiming to identify and then determine the appropriate response to the business and facilitate better decision-making. What Are Risks? What are the opportunities available to us? What could be gained from those opportunities? or “What if?”

Start-ups 52

Start-ups Compliance Technology Specific Risk 52

Audit Board

JANUARY 12, 2023

What Are the Principles of Cybersecurity Risk Management? However, specific guidance on how to conduct these assessments is typically not included in framework requirements. But this often leaves organizations in a position where there is little certainty about where to start. . Identifying Cybersecurity Risks.

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

Audit Board

JUNE 23, 2022

A breach response plan, legal counsel, and a robust communication plan, among other tools and tactics, can make the difference between returning your business to normal quickly, or prolonging the impact of ransomware far beyond the initial attack. Activate your breach response plan. . Engage legal counsel. . Contact law enforcement.

Compliance 52

Compliance 52

Audit Board

JUNE 15, 2023

A note on the NIST CSF — the CSF itself is the framework, providing guidance on what to do to secure infrastructure, assets, etc. The Executive Order mandating the creation of the CSF also required the creation of sector-specific guidance when necessary, leading to the vast repository of NIST guidance available today.

Technology 52

Technology Compliance Start-ups Finance 52

Audit Board

APRIL 13, 2023

Operational risk management , or ORM — both as a program area and technology category — gets to the heart of what the performance vector is about, making sure operations are well-managed within a specific and aligned risk appetite that boards and business leaders are looking for. IT is now the backbone of business.

Compliance 52

Compliance Start-ups Technology Specific Risk 52

Audit Board

JUNE 22, 2023

The likelihood of these security incidents has been amplified by the sheer number of organizations that are investing or are planning to invest in digital transformation. Internal auditors may inadvertently create a privacy incident in the process of transferring or transmitting data during an internal audit or investigation.

Technology 52

Technology Compliance 52

Audit Board

NOVEMBER 8, 2023

What Does it Mean to Be PCI Compliant? To meet the PCI DSS standards, companies need to understand their unique compliance requirements, their payment applications, payment processing workflows, and the system components and sensitive data that makes up their CDE.

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

AUGUST 1, 2023

By employing an effective and integrated IT risk management process and program , businesses can limit their exposure to costly IT security incidents and risks, like data breaches, information systems being compromised, ransomware, and other cyber threats. According to a 2022 IBM report , the average cost of a data breach in the US is $9.44

Technology 52

Technology Start-ups Compliance Marketability 52

Audit Board

MAY 6, 2022

For example, management may not be identifying all pertinent risks, assessing and prioritizing risks properly, considering all possible responses to risks, or ensuring the chosen risk responses are implemented. The audit committee is responsible for oversight of the internal audit function. Address Emerging Risks with Agility.

Compliance 98

Compliance Technology Specific Risk 98

Audit Board

AUGUST 10, 2023

What Is Environmental, Social, and Governance (ESG) Reporting? What Are ESG Metrics? Organizations are encouraged to take a risk-based approach to ESG metrics, starting with the company’s ESG goals and objectives, and taking into consideration the expectations of what stakeholder and investors would want to see.

Compliance 52

Compliance Start-ups Data Analysis Equity 52

Audit Board

APRIL 25, 2022

When you are thinking about creating the strongest and most secure system for your organization’s and customers’ needs, you have to consider what protocol you must follow and whether compliance is enough to cover your needs. What Is Security? What Is Compliance? Here are some common categories for security tools: .

Compliance 90

Compliance Technology 90

Audit Board

MAY 10, 2023

But investors and other stakeholders often hold private companies to the same standards as public companies, and the SEC’s public-company draft rules are a good example of what we can expect from other cybersecurity legislation on the horizon, much of which goes beyond public companies. Quantify their impact.

Compliance 98

Compliance Technology Specific Risk Start-ups 98

Audit Board

MAY 6, 2022

One element of the recent SEC Public Company Cybersecurity Disclosure proposed rules that stands out is the need for speed — four days after the registrant determines that it has experienced a material cybersecurity incident — in disclosing incidents. Cybersecurity Incident Disclosure Steps to Consider.

Compliance 97

Compliance Start-ups Technology 97

Audit Board

SEPTEMBER 9, 2022

You’ll never probably have a perfect third-party list, but can ask the various teams in your company what services they’re providing or using to help find those gaps. . We have four buckets, what we call level 0, 1, 2, and 2. We do not skip any companies, and we don’t focus on just the tier 1s or the IT ones.

Start-ups 52

Start-ups Compliance Banking 52

Farrel Fritz

JULY 10, 2023

Notice that in her description of Sterling ‘s holding, Justice Crane used the phrase, “the authority of the president to commence litigation terminated ,” which begs the question of what authority existed prior to its termination. Here’s what it said: The motion court correctly granted IBT’s motion to dismiss the complaint.

Finance 52

Finance 52

Audit Board

AUGUST 2, 2023

In an environment of new regulations and potential threats, assessing the security of third parties is no longer enough: organizations need to understand the full picture of what their third parties provide — and how they do it. TPRM Teams Leverage Vendor Inventories to Speed Responses to Security Events.

Technology 52

Technology 52

Audit Board

SEPTEMBER 6, 2023

What are the enhancements that companies should implement for improved data security and system and information integrity? What are the enhancements that companies should implement for improved data security and system and information integrity? What is the NIST Cybersecurity Framework (CSF)? What are NIST Control Families?

Compliance 52

Compliance Start-ups Technology 52

ThomsonReuters

JANUARY 16, 2024

Jump to: What are the benefits of remote 1040 client collaboration? In this way, AI identifies patterns related to past incidents so that forward-looking. Unfortunately, there isn’t a single digital pesticide strong enough to protect the foundations of your business, even if you can find enough skilled security professionals.

Technology 64

Technology Compliance 64

ThomsonReuters

JUNE 29, 2023

There are four types of data analyses that accounting professionals should make available to clients: Descriptive analytics: what’s happening to a client’s business right now ? Predictive analytics: what will happen next? Prescriptive analytics: what should we do? Diagnostic analytics: why is that happening?

Accounting Firms 98

Accounting Firms Technology Compliance Start-ups 98

Audit Board

OCTOBER 2, 2023

Leaders of both functions ask: What opportunities to collaborate do we have that will benefit the organization as a whole? Leaders of both functions ask: What opportunities to collaborate do we have that will benefit the organization as a whole? Compliance has a similar need for comprehensive visibility during assessment scoping.

Compliance 59

Compliance Technology Finance 59

Audit Board

OCTOBER 2, 2023

What are The Top Cybersecurity Threats? Confronted with the possibility of data breaches and the associated average cost of $4.45 million , businesses might instinctively want to batten down the hatches and begin implementing security controls left and right. Persistent DDoS attacks can successfully deny users access for days at a time.

Technology 52

Technology Start-ups Data Analysis Compliance 52

Audit Board

AUGUST 24, 2023

It doesn’t include incidents, like denial-of-service attacks, that don’t result in the exposure of private information, but it does include the most recent ransomware attacks. The DBIR is based on incident response investigations of actual successful attacks, so it provides the most detailed root cause information available.

Start-ups 52

Start-ups Technology Compliance 52

ThomsonReuters

JANUARY 18, 2024

Secure cloud storage and data backups ensure redundancy and security for your firm in the event of a security incident. Incident response plan. Be sure to outline the steps necessary in the event of a security breach and conduct trial runs to ensure all staff members know what actions to take. Let’s take a look.

Accounting Firms 52

Accounting Firms Compliance Technology 52

Audit Board

DECEMBER 19, 2022

I think what you have to share is going to be so compelling for folks as they’re looking at their challenges and how to draw more meaning, understanding, and visibility out of the risk profile that they face. In the coming year, I think we’re going to see a lot of consolidation around what we need to be focused on. .

Compliance 52

Compliance Start-ups Technology 52

Audit Board

NOVEMBER 17, 2022

What are the top cyber risks for 2023? What Are the Top Cyber Risks for 2023? Be sure to ask these leaders what risk factors might get in the way of meeting those goals, which will help you identify key risk indicators. Here are the top threats to look for. . Cybercrime . The Human Element. Compliance is also a factor here.

Compliance 52

Compliance Technology 52

Audit Board

JUNE 8, 2023

In this article, we will introduce you to the basics of compliance audits , break down various types, and give some firsthand advice on what to expect and how to successfully navigate a compliance audit. What Is a Compliance Audit? What type of evidence? Let’s take the Sarbanes-Oxley (SOX) Act as an example.

Compliance 52

Compliance Start-ups Technology Accounting Firms 52

Audit Board

OCTOBER 6, 2022

What Is the SOC 2 Framework? What Are the SOC 2 Requirements? CrossComply customers can go a step further to learn how to perform the various necessary activities described below within AuditBoard — simply click here to log in and follow the “CrossComply Connection” prompts for additional guidance. . SOC 2 Framework at a Glance.

Compliance 52

Compliance Start-ups 52