FAQ

What Are the Top Operational Risks for Banks?

Operational risk in the banking system is not a new concept. Only recently, however, has it been elevated to a distinct risk category that can shape the risk profiles of financial institutio ...
June 10, 2022
Article

Risk Management Software for Banks

Compliance with the Bank Secrecy Act (BSA), the primary law that directs banks to develop anti-money laundering (AML) programs, has never been easy. So it should be no surprise that as cyber ...
May 19, 2022
Article

Best Practices in Cyber Supply Chain Risk Management

Management of cybersecurity threats in your supply chain should be embedded into every part of your business. Every high-risk vendor relationship or third-party supplier from the front offic ...
April 4, 2022
FAQ

What is Internal Control in Auditing?

A system of internal controls is a set of policies and procedures that an organization can use to provide reasonable assurance that the organization achieves its objectives and goals. Genera ...
March 28, 2022
Guide

The Complete Guide to the Financial Industry Regulatory Authority (FINRA)

The Financial Industry Regulatory Authority (FINRA) is the organization in charge of securities licensing and requirements. FINRA develops and enforces rules governing broker-dealer firms op ...
March 9, 2022
Article

Advantages of An Internal Control System

Internal controls are designed to protect an organization from fraud, loss of assets, compliance failures, and other obstacles to overall business objectives. After the time, money, and effo ...
February 28, 2022
FAQ

What are GDPR Fines and Penalties?

Organizations that fail to comply with the European Union's General Data Protection Regulation (GDPR) standards for data protection, data security, and data processing can face steep fines. ...
February 24, 2022
FAQ

What is the COSO Framework?

COSO, the Committee of Sponsoring Organizations, is an advisory group that designs frameworks to help organizations with risk management issues. One of its most popular frameworks is the COS ...
January 27, 2022
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