3 Lessons from July’s Swedish Data Breach “Disaster”

“Disaster.” It’s a not a term any of us throw around lightly, but when it comes to third party data breaches like the one admitted to by Swedish prime minister Stefan Lofven yesterday, it’s hard to completely fault his choice of words. According to reports by the BBC and others, the major leak was created [...]
  • July 25, 2017
  • Pat McParland
  • What does China’s Shenzhen Standard mean for anti-bribery and corruption standards across the globe?

    In an increasingly interconnected world with unprecedented levels of global trade and capital flows, the risks for potential bribery and corruption have never been higher. Although we’ve seen increasing awareness and enforcement of anti-corruption actions globally over the last few years, it was highlighted at this year’s OECD convention that meaningful implementation of anti-bribery and […]

    • August 23, 2017
    • Lee Kirschbaum
  • “Information Security Risk is Truly a Burning Issue”

      Chief Technology Officer Mike Angle works directly with CISOs and IT risk professionals across global banks and corporations on the complex challenges of information security risk, particularly as they pertain to managing third parties. It’s not just an academic exercise for Mike: he’s also in charge of information security for Opus. As a global […]

    • June 20, 2017
    • Pat McParland
  • Improve Training for Your Distributors, Vendors and Third Parties

    Your organization is increasingly dependent on third parties to grow revenue, manage costs and capture market opportunities.  Your suppliers, vendors, contractors, distributors, agents, brokers, channels, joint ventures, partners and other third parties are critical to the growth and profitability of your company. Your company has policies for training employees – when they first join the company […]

    • May 2, 2017
    • Jim Meyers
  • Cybersecurity & Vendors: Regulator Considering More Scrutiny

    ​ “A bank’s cybersecurity is often only as good as the cybersecurity of its vendors. Unfortunately, those third-party firms can provide a backdoor entrance to hackers who are seeking to steal sensitive bank customer data. We will move forward quickly to address this urgent matter.” Benjamin M. Lawsky Superintendent of Financial Services New York State Bank […]

    • May 2, 2017
    • Jim Meyers
  • Best Practices in KYC for Financial Institutions

    Alacra Compliance Workflow solutions have been serving financial institutions since 2005. Our sales and implementation process usually involves many client meetings. As we work out the configuration with the client, the question we are often asked is, “What are other banks doing to solve these challenges?” That’s a tough question for us to answer for three […]

    • August 4, 2016
    • Jim Meyers