In Compliance, Big Salaries Come With Big Risks and Responsibilities

blog, Compliance Management, Compliance Monitoring Software, Operational Compliance, Regulatory Compliance, Risk Management

Compliance has become a huge industry, partly out of wanting to simply do good business, but mostly out of the necessity of complying with ever-increasing rules and regulations from governments and other regulatory agencies.
In response to the new demand, companies are now paying hefty salaries to compliance officers. As with all things, however, great rewards come only from great risks and responsibilities.
In this article we explain why Compliance Officers are earning higher salaries and why they are personally at risk for non-compliance.

Managing the PCI Compliance of 3rd Party Vendors

blog, Compliance Management, Compliance Monitoring Software, Risk Management

Third-party compliance issues can be a nightmare if you don’t do your due diligence (say that five times fast!). The truth is that there is still a lot of confusion when it comes to what third-party service providers are specifically required to be compliant with, but ensuring that compliance is your responsibility if you’re going to deal with them.
To keep your own business safe from costly compliance violations, you must check out and validate the third party service providers (TPSPs) you do business with.

Saying Goodbye to SSL and TSL

blog, Compliance Monitoring Software, Data Security & Privacy Compliance, Risk Management

Winston Churchill once said “To improve is to change; to be perfect is to change often”. Some might argue that we’ve taken that idea to the extreme and decided to be a society under constant change, in which case we should listen to Mr. Churchill’s further thought, that “There is nothing wrong with change, if it is in the right direction”.
In the case of security and compliance, that constant progress is definitely a good thing. The more secure customer and company data can be kept, the better. Keeping products safe and in good shape along supply lines is also good.

Earning China’s Trust through Auditing and Compliance

Audit Management, blog, Compliance Management, Compliance Monitoring Software, Risk Management, Supply Chain, Trust

If you were to try and imagine a new business opportunity that could literally double or triple your revenues quickly (or more), most business owners would get fairly excited. Opportunities like that don’t come along very often, but a great deal of Australian business owners are now looking head-on at one later this year.
The free trade agreement with China that will come into effect by the end of 2015 will undoubtedly affect many different industries over time, but the fresh food industry is first in line to reap big rewards.

Programmed Compliance and Cyber Security

blog, Compliance Management, Data Security & Privacy Compliance

A well maintained audit and compliance routine is paramount in any business when it comes to online/cyber security.  Just because you’ve followed the protocols set in place, it doesn’t mean that you can fight the fight against a major cyber security attack.  The compliance process needs to be a living and breathing entity, constantly curated and improved.
In this article we discuss the advantages of using programmed compliance in an agile process to guard against cyber attacks.

The Value of Checklists in Compliance Processes

Audit Management, blog, Compliance Management, Compliance Monitoring Software

Checklists. We mostly use them to compile our grocery needs and make sure that we don’t arrive back at home having forgotten the milk or eggs. But checklists, as simple as they are, are some of the most powerful tools available to us, in business and in life.
Here we give the history, psychology, and practical reasons for using checklists in organisations.

Good Sports Governance Requires Established Standards and Standard Audits

blog, Regulatory Compliance

There seems to be no common international understanding of what comprises “sport governance”, and that’s a big problem.
An issue can’t be dealt with unless it’s defined and understood. This is painfully obvious in the current discussion about governance in sport, highlighted by the ASADA investigation into the Essendon Football Club debacle concerning sport doping. But the problem certainly isn’t confined to football, and it may be more complex than just blaming players for wanting to “juice up” their performance, as we will see.

Self Regulation and Compliance Aren’t Always Compatible

blog, Compliance Management, Self Regulation

Self-regulation, in most instances of business or government, is far from effective or consistent, let alone honest. Self-preservation is a powerful thing, and human nature dictates that we’re all going to make a mistake, at some point.
When that unfortunate incident happens, the best thing that can happen is to immediately address it and handle it. The longer it goes unaddressed, the more harm it will cause when it finally sees the light of day. Self-regulation, combined with a natural tendency towards self-preservation, is simply an invitation to corrupt practices or processes.

How Technology is Helping Organisations Manage Compliance

Big Data, blog, Compliance Management, Compliance Monitoring Software, Risk Management

Technology is changing the way businesses, and the world, operates at an almost blinding speed, and for many companies the struggle to keep up with the constant changes demanded by new developments can be extremely burdensome.
A simple example in the case of customer-facing assets is the emergence of social media as a platform for sales, marketing and customer service. This requires a new skill set, as well as a reimagining of business policies and processes.