A GRC Analysis of FTX Implosion

FTX

I try to avoid writing about the cryptocurrency business because it’s such an isolated field, led by oddballs and filled with esoteric operations not really relevant to compliance professionals here in the non-crypto world. The bankruptcy of crypto exchange FTX, however, is an exception — a story that’s flat-out crazy, with compliance lessons galore. For…

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Governance Gone Wrong, Wrong, Wrong

governance

Compliance officers talk all the time about ESG issues these days, but rarely do we have a chance specifically to explore the governance challenges that fall within that broad realm. Now we have three examples of governance gone wrong to consider, all within the space of one week. First is Tysons Foods, whose namesake CFO…

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Compliance Jobs Report: Nov. 11

Compliance jobs

Another week with lots of items for the Compliance Jobs Report. We have news from Pepsico, Twitter, VMWare, Traton Group, and more; plus a bundle of work anniversaries to note and job leads in payments, manufacturing — and dating! Meme of the Week goes out to Elon, of course. As always, thank you to all…

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NY-DFS Proposes Updated Cyber Rule

cybersecurity

Big news for audit and GRC professionals in the financial services world: the New York Department of Financial Services has proposed numerous updates to its Cybersecurity Rule, which would place more responsibilities on the CISO and impose more exacting standards for cybersecurity policies, procedures, and other control activities.  The Department of Financial Services (DFS) unveiled…

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More Thoughts on Policies

Policies

Today I want to return to that study we discussed last week, questioning whether corporate policies make much difference to encourage employees’ compliance behavior. There is still a lot to discuss from that study, and compliance professionals’ reaction to it, in the pursuit of good insights about policy management and employee training. For those who…

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Compliance Jobs Report: Nov. 4

compliance jobs

The Compliance Jobs Report this week has personnel news from Albemarle, Deutsche Bank, Penn State, several asset management firms, and more companies. Job leads are in financial services, farming, and government service; and our Meme of the Week goes out to everyone suffering phishing attacks! As always, thank you to all the compliance people sending…

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NLRB Questions Surveillance Tech

NLRB

A key official at the National Labor Relations Board is warning that she will take a more critical view of surveillance technologies companies might use with employees, generally presuming that those technologies interfere with employees’ right to talk about work conditions and to organize. Jennifer Abruzzo, general counsel of the NLRB, outlined her views in…

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Another FTC Cyber Enforcement Case

Chegg

Another week, another enforcement action from the Federal Trade Commission to remind the rest of us what steps we should take to protect consumers’ personal data. This time the company going to the woodshed is Chegg, an education tech company that lumbered along for years with poor data protection practices. Chegg provides textbooks, study aides,…

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Study: Maybe Compliance Policies Don’t Matter

Policies

Here’s a rather glum start to your week: new academic research suggests that the design of corporate policies you use to train employees has no measurable effect on how well they retain knowledge about those policies, and might not do any better than not bothering to educate employees about corporate policies at all.  So says…

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Compliance Jobs Report: Oct. 28

compliance jobs

The Compliance Jobs Report this week has new hires to note at Credit Suisse, BetMGM, Acadia Healthcare, Cornerstone Brands, OneTrust, and more! Also a promotion at Victoria’s Secret, several work anniversaries to celebrate, and job leads in consulting, banking, and electronics manufacturing. Meme of the Week goes out to the Rock! As always, thank you…

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