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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.
From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
The Securities and Exchange Commission (SEC) has moved to drop a long-running bribery case against two former executives of Cognizant Technology Solutions. In a filing in the Newark, New Jersey federal court, the SEC said it dismissed claims against Gordon Coburn and Steven Schwartz "in the exercise of its discretion and as a policy matter," and not on the merits. Coburn and Schwartz were charged by U.S. authorities in February 2019 with authorizing a $2m bribe to an Indian official for helping to obtain a construction permit for a new Cognizant office in Chennai. Bloomberg describes the move as the latest sign of the Trump administration’s shift away from enforcing the Foreign Corrupt Practices Act.
Full Issue
Risk Channel
UK/Europe
The Co-op has confirmed that all 6.5m of its members had their personal data stolen in a cyber attack earlier this year. CEO Shirine Khoury-Haq said that names, addresses, and contact details were accessed, but no financial or transaction data was compromised. Previously, the company had only said that a “significant number” of its customers' data had been accessed by the hackers, but did not give a precise figure. The breach, which occurred in April, disrupted IT systems, caused store supply issues and forced funeral services to temporarily revert to paper records. Co-op executives told MPs recently that many of its systems were protected from attack because it had defences in place which detected unusual behaviour within a few hours. The company is however not expecting to make “any significant recovery” of the costs of the hack from insurers as it chose to invest in detection systems rather than cyber insurance policies.
Full Issue
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New Broom at S.E.C
In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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Here Comes The Bribe
How robust are the anti-bribery strategies in your organisation? Do you have any? Bribery is not a phenomenon limited to multinationals operating in some of the more obscure, less-regulated areas of the world.
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Whistle Test Is Coming
The demands for “whistle blowing” employees to be given more protection are growing. The following stories selected from the daily news newsletter highlight this trend
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CEOs Fret Over Lost Remote Control
“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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ESG Is Not Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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