With the ever-evolving Government Risk Management and Compliance (GRC) domain, businesses and their compliance departments need to keep up with the pace. Certain compliance risks present a higher risk factor for the corporate sector. Top 5 High-Risk Areas for Compliance Issues Here are the five compliance risks...
Compliance refers to corporate practice for adhering to the rules and regulations. Whereas compliance risks identify the financial and legal penalties your business faces when failing to follow the internal and external regulations. Common Types of Compliance Risks Seven types of compliance risks affect most companies. These are: Regulatory...
Businesses tend to ignore the impact of investing money in quality training can have on developing and implementing effective risk and security management strategies. While we understand that it can be due to severe organizational and financial pressures, this should not be the case. Creating a Risk Management Training Program will help you face these...
Risks are part and parcel of every business, regardless of its scale and size. And, when we talk about risks, it is important to include a rock-solid cybersecurity component in a modern risk management strategy. Rapid technological advancements have increased privacy and security risks. Hence, a...
Employee Benefits play a vital role when it comes to attracting the right pool of talent as well as retaining the existing talent needed to run a successful business. However, before you focus on offering additional perks, you might first want to take a look at...