Can Artificial Intelligence Be the Next Step in GRC’s Evolution?

How IT Can Leverage AI to Prevent Major Cybersecurity Incidents The need for artificial intelligence (AI) in IT governance, risk and compliance (GRC) is growing quickly. As companies expand their digital footprints, cybersecurity vulnerabilities worsen due to an increased amount of data being produced from IT security monitoring and performance tools. At its recent Ignite…

Director’s Group Compliance – Marios Skandalis, Interview on the essential strategies for a cultural compliance change

Marios Skandalis will be participating as a panellist at C5’s 6th Annual Conference on Economic Sanctions and Financial Crime to take place in London on 15-16 of November 2017. This is the largest Anti-Financial Crime event in London and Marios will take part in a discussion of large financial institutions on integrated approaches and other…

Josef Ackermann – Κοινός ο στόχος

«Η Τράπεζα Κύπρου παραμένει δεσμευμένη στην κυπριακή οικονομία, όχι μόνο επειδή αυτός ήταν ο παραδοσιακός της ρόλος, αλλά γιατί αυτό είναι και προς το οικονομικό συμφέρον των μετόχων της. Βρισκόμαστε στην ίδια βάρκα και πρέπει να εργαστούμε μαζί». Η συνέντευξη του Προέδρου του Διοικητικού Συμβουλίου της Τράπεζας Κύπρου όπως αυτή δημοσιεύτηκε στο περιοδικό IN Business,…

Cyprus: A Leading Maritime Centre  

  Cyprus has been a leading maritime center since ancient times and presently the shipping sector has evolved into a modern and successful industry. The island’s strategic location between three continents has made it an ideal place for trade and shipping business. In addition, Cyprus, as a member of the European Union, with modern infrastructure,…

Το κυπριακό παράρτημα του ΑCFE στοχεύει στη μείωση των περιστατικών απάτης

Γιώργος Ζορνάς: «Έχουμε να διανύσουμε αρκετό δρόμο ακόμη για την εδραίωση αποτελεσματικών συστημάτων ελέγχου και διακυβέρνησης» Η Τράπεζα Κύπρου βασικός αρωγός, χορηγός και υποστηρικτής της πρωτοβουλίας  Κινητήρια δύναμη για ουσιαστική αλλαγή στον τρόπο πρόληψης και αντιμετώπισης περιπτώσεων απάτης και διαφθοράς στην Κύπρο αποτελεί το κυπριακό παράρτημα του ΑCFE (Association of Certified Fraud Examiners – Διεθνούς…

Strengthening Compliance With AML-As-A-Service

A Tectonic Shift in Operating Models? Financial services has always been a heavily regulated industry. And while anti-money laundering and counter-terrorist financing regulations are getting more stringent by the day, financial criminals continue to find ways to bypass the strict monitoring rules employed by banks. Banks face increased regulatory scrutiny, heavy fines for compliance breaches…

Transaction Laundering: Top News Stories 2017

Merchant Service Providers (MSPs) are required by law to ensure that the merchants they service and the payments they process are both known and legitimate. However, the rapid expansion in both volume of ecommerce transactions combined with the wide variety of payment methods available, have created a situation where Merchant Service Providers often fail to…

Compliance Apologists: Being Liked vs. Being Respected

I see a lot of compliance articles and presentations that are essentially, “How to get people to like compliance.” Some compliance folks don’t want to look like cops. They want people to like compliance training. Instead of telling people they should be grateful that we found a problem early and they won’t need to be…

One-Third of Global Orgs Don’t Understand GDPR Compliance

A global survey that explores how well organizations understand Europe’s General Data Protection Regulation (GDPR) and their readiness for it has uncovered widespread confusion about GDPR compliance criteria and an overall lack of preparation. A survey from WatchGuard Technologies that examined the views of more than 1,600 organizations across the globe found that with the…