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On December 8th, after two and a half years of negotiation, the Council of the EU and the EU Parliament finally reached a provisional agreement on the EU AI Act, which was first proposed by the European Commission in 2021. The agreement creates legislation that introduces harmonized rules and definitions for those using AI systems and putting those systems into service and bans certain types of…
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A globally-recognized CRM provider engaged Protiviti to assist them in determining methods to better protect customer data while complying with each customer's unique regulatory requirements. The client needed an efficient method to perform configuration checks on AWS resources to ensure it would remain compliant with the HIPAA framework so that it could grow its footprint in the healthcare…
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This global leader in software for designers, builders, engineers and others has worked to provide a solid platform across a multitude of industries. However, recent changes in FedRamp compliance requirements drove them to develop a new instance of its product platform, hardening their infrastructure for customers in the public sector.
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The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released supplemental guidance on how to effectively apply the 2013 Internal Control — Integrated Framework (ICIF) — which is currently applied to financial reporting — to sustainability reporting. The guidance results from a project approved by the COSO board a year ago with the objective of helping organizations “…
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In 2019, AFME published its first paper on the adoption of public cloud in capital markets[1]. Since then, the adoption of cloud has continued to progress, along with focus from policymakers and regulators.
Though the use of cloud and Cloud Service Providers (CSPs) offers a significant uplift in resilience and security compared to banks' on-premise environments, the regulatory focus continues to…
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This month’s newsletter celebrates the latest in CPG with updates on technology-modernization trends, data privacy efforts, and innovations shaping consumer choices. Thank you for your readership—wishing you a Thanksgiving season filled with insight and inspiration!
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With the economic outlook constantly shifting as if it were a moving target, directors need to embrace change and set a tone of focus and confidence when looking to the future. It all starts with asking the right questions.
Growth across the global economy is slowing. With the growth rate projected to shrink in 2022 and 2023 by half of what it was in 2021, business conditions have likewise…
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In today’s complex healthcare environment, hospitals and health systems and other provider organizations have little room for error within the revenue cycle. Faced with tight margins, growing labor and supply costs, and volatile markets, every dollar counts. Revenue integrity ensures all patient encounters are accurately converted into revenue in compliance with applicable laws and regulations.
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Conducted in partnership with the NC State ERM Initiative, our global survey of C-level executives and directors highlights the influence of economic headwinds, talent issues, emerging technologies, cyber threats and geopolitical events on the 2024 risk landscape. This issue of Board Perspectives discusses the 10 highest-rated risk themes noted in the survey to provide a context for understanding…
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Our global survey of C-level executives and directors on macroeconomic, strategic and operational risks highlights their views regarding a disruptive risk landscape over the next decade through 2030.[1]Our global survey captures insights from 1,081 C-level executives and directors across multiple industries, with broad geographic representation. As with our prior surveys, the results captured…
