This post first appeared on Risk Management Magazine. Read the original article. Recently, the Office of Comptroller of the Currency (OCC) levied a fine of $400 million at Citibank “based on the bank’s unsafe or unsound banking practices for its long-standing failure to establish effective risk management and data governance programs and internal controls.” The (more…)
Responding to Litigation Hold Notices
This post first appeared on Risk Management Monitor. Read the original article. The purpose of a litigation hold is to preserve relevant information when an organization reasonably believes this information can lead to an investigation or litigation. The information to be preserved can be documents, equipment and/or electronic information or materials that may be relevant (more…)
Weekly Roundup: January 11-15, 2021
This post first appeared on IBM Business of Government. Read the original article. Friday, January 15, 2021 John Kamensky Articles from across the Web that we at the IBM Center for The Business of Government found interesting for the week of January 11-15, 2021. John Kamensky Young and Miller Named to OMB Top Spots. WAPT (more…)
Department of Energy Contracting: Improvements Needed to Ensure DOE Assesses Its Full Range of Contracting Fraud Risks, Jan 13, 2021
This post first appeared on GAO Reports. Read the original article. What GAO Found GAO identified nine categories of contracting fraud schemes that occurred at the Department of Energy (DOE), including billing schemes, conflicts of interest, and payroll schemes. For example, a subcontractor employee at a site created fraudulent invoices for goods never received, resulting (more…)
GSA Introduces Vendor Risk Assessment Program in Draft Solicitation
This post first appeared on Next Gov. Read the original article. The SolarWinds hack seems to be breathing new life into the supply chain security effort. The General Services Administration could soon start requiring on-site assessments of certain federal contractors under a new program to scrutinize risks to the supply chain. Tucked into the draft (more…)
Driving Data With Emerging Technologies: Insights from HHS’ ReImagine Grants Initiative
Agencies across government can learn from innovative leaders in developing data strategies that leverage AI and other emerging technologies. Specifically, AI and intelligent automation (IA) technologies can improve grants management by expediting access to information and standardizing grant processes.
As government agencies strive to improve service by implementing advanced technologies, how that data informs strategy and business decisions represents a critical element of success.
How to Make the Most Out of 2021’s Virtual Conferences for Rising Risk Professionals and Employers
This post first appeared on Risk Management Monitor. Read the original article. Amid a second wave of the COVID-19 pandemic, people around the world are going back into lockdowns or rolling back phased reopenings, and it appears remote work arrangements and virtual events will continue to be the norm for many. Throughout the pandemic and (more…)
Information Technology: DOD Software Development Approaches and Cybersecurity Practices May Impact Cost and Schedule, Dec 23, 2020
This post first appeared on GAO Reports. Read the original article. What GAO Found GAO reported in June 2020 that, of the 15 major Department of Defense (DOD) information technology (IT) programs selected for review, 11 had decreased their cost estimates as of December 2019. The decreases in cost estimates ranged from a .03 percent (more…)
After COVID, Cyberrisks Top Agenda for Risk Professionals in India, Marsh and RIMS Report
This post first appeared on Risk Management Monitor. Read the original article. For risk professionals in India, the COVID-19 pandemic has underscored the critical need to build business resilience and develop mature yet flexible business continuity plans to address both short- and long-term threats. In the new Marsh and RIMS report Excellence in Risk Management (more…)
Three Key Insurance Law Decisions from 2020
This post first appeared on Risk Management Magazine. Read the original article. Given all the challenges of 2020, it would be easy to overlook some of the interesting insurance law developments during the last 12 months. The three legal decisions highlighted below from this past year involve dispute points in insurance law that have recurring (more…)