Understanding Data Governance: Meaning, Compliance, and Security
When one of the largest global credit score providers was exposed by the Wall Street Journal for issuing millions of inaccurate data points to lenders in 2022, they blamed it on a coding error. Several categories of personal data were completely incorrect, leading to huge reputational damage, including a 5% drop in stock price.
Understanding Data Retention Policies: Importance, Implementation, and Best Practices
In 2021, JP Morgan was fined $125 million (later increased to $200 million) for its significant, firm-wide recordkeeping failures. The global financial institution did not properly enforce its communication rules, meaning that colleagues often discussed business matters on their personal devices. This communications data was not properly stored or monitored, leading to a lack of transparency around high-risk behaviours and, consequently, regulatory violations.
Surveillance Snippets: Is evolving technology the answer to all surveillance questions?
The only way for firms to keep pace with industry modernization is to invest in technologies that are equipped to adapt to evolving compliance and surveillance needs.
Surveillance Snippets: Surveil now to save later – why should firms invest anyway?
By establishing a well-nourished surveillance system early on, firms can reap invaluable benefits later, such as avoiding steep regulatory fines and boosting operational efficiencies.
Surveillance Snippets: Mind the data capture gap with surveillance strategies
When considering surveillance, it all comes down to data – and missing or incomplete datasets could pose a dire issue. How can firms reevaluate their surveillance governance and data management to maintain compliance with U.S. regulators?
Surveillance Snippets: Striking the balance between communications surveillance and privacy
In persisting enforcements for recordkeeping failures, regulators stress the need to “reasonably supervise personnel” to detect and prevent possible violations. But how can firms ensure effective supervision when questions of privacy rights arise?
Why we built Global Relay cloud
Global Relay builds all technology from the ground up. We like things to work well together, beautifully designed, and to a consistently high standard. Our Chief Strategy Officer, Alex Viall, explains why.
Key updates to the DOJ’s Evaluation of Corporate Compliance Programs
The September 2024 update to the Department of Justice’s (DOJ) Evaluation of Corporate Compliance Programs (ECCP) gives firms much to contemplate and some pressing concerns to address, including the risks associated with emerging technologies.