Hyatt Data Breach Caused by Third-Party Cyber Security Attack

Hyatt Hotels Corp. is the latest victim of a data breach caused by a third-party information security attack, SiliconANGLE reported last week. Following an investigation into the hack, the global hotel chain announced that the “unauthorized access to card data was caused by an insertion of malicious software code from a third party onto certain [...]
  • October 16, 2017
  • Pat McParland
  • Doing Well by Doing Good: Corporate Responsibility Initiatives that are Making an Impact

    Sometimes it seems that the universe coordinates occurrences to make a point. This past week, I had three separate reminders about why it’s important for businesses to prioritize corporate responsibility initiatives to make a positive impact on the communities and the world in which they conduct their operations. I was reading this month’s Inside Supply […]

    • October 13, 2017
    • Eliot Madow
  • Redefining the Role of the CISO in the Push Towards Digital Transformation

    The Opus team had the privilege of attending the 2017 Evanta Global CISO Summit last month. It’s an invitation-only conference that brings together the most influential CISOs from around the world. Hearing about the challenges that CISOs face gave great insight into the increasingly difficult role of the CISO in an age of digital transformation […]

    • October 5, 2017
    • Constantine Malaxos
  • 8 Best Practices for Reducing the Likelihood of a Data Breach

    This week we’re excited to release the latest from the Opus-sponsored 2017 Data Risk in the Third Party Ecosystem Study from Ponemon Institute. The numbers tell a critical, if not entirely surprising story about data breaches: most companies are not taking third-party risk management seriously enough, and the consequences are steep. Without spending too much […]

    • September 29, 2017
    • Pat McParland
  • Life beyond 4MLD

    Emma Mills Chief Operating Officer C6 Intelligence Group The Fourth EU Money Laundering Directive (4MLD), which was enacted on 25 June 2015 and went into effect on 26 June 2017, is one of the most significant anti-money laundering (AML) legislations in Europe in recent history. The Directive was created to improve consistency of AML rules […]

    • September 22, 2017
  • Preparing for MiFID II: Here’s What’s Working for Banks & Investment Firms

    In January 2018, the European Union will officially enact MiFID II, a new set of regulations meant to oversee the structure of the securities market. Created in response to issues identified following the 2008 financial crisis, these new standards aim to strengthen investor protection, reduce systemic risks and increase the efficiency of the financial markets. […]

    • September 15, 2017
    • Kelvin Dickenson
  • Meet the Opus Team – Brian Bigger

    At Opus, we focus on freeing our customers from the complexity and challenges of compliance and third party, supplier and customer risk management. It’s a privilege we take seriously! In this new series of team profiles, we’d like to introduce you to team members who are making that freedom happen for our customers. We thought […]

    • September 13, 2017
    • Pat McParland
  • Six Key Takeaways From the Update to OCC 2013-29

    The Office of the Comptroller of the Currency (OCC) recently issued an updated third-party risk management guideline for U.S. banks and federal savings associations. The update serves as an FAQ for OCC Bulletin 2013-29, and describes the steps banks must take to protect consumers from the risk of third party suppliers. In essence, the bulletin […]

    • September 8, 2017
  • What is ISO 37001?

    In October 2016, the International Organization for Standardization (ISO), an independent non-governmental organization and the world’s largest developer of voluntary international standards, released ISO 37001 anti-bribery management systems. The release of the system marked a major step in the push for global organizations to combat the damage caused by widespread bribery. To understand the impact […]

    • August 31, 2017
    • Lee Kirschbaum
  • Important Cybersecurity Compliance Milestone

    Today, August 28, is a major milestone in the fight against cybercrime in the financial services industry. It marks the end of a 180-day transitional period for the approximately 4,000 regulated financial services and insurance companies operating in New York to comply with the New York Department of Financial Services’ Cyber Security Requirements (23 NYCRR […]

    • August 28, 2017
    • Lee Kirschbaum
  • 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
  • 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
  • “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

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