Health care companies are increasingly falling victim to sophisticated hacking efforts—including ransomware attacks—insider threats, and basic security flaws despite the highly confidential nature of patient data. According to new research by Atlas VPN, a virtual private network provider, 87 million patients in the United States had their personal information improperly Read More
Compliance leaders are facing increased pressure to make the most of existing resources due to economic challenges and increased workload and complexity, according to a new report. The study, conducted by research and consulting firm Gartner, identifies three crucial compliance function trends playing out this year: tighter budgets, changing labor Read More
Just as in any other industry, the financial industry has its fair share of questionable behavior, and then some. For this reason, an alphabet soup of regulatory oversight — and accompanying fines for non-compliance, violations, and even fraud — exist to keep financial institutions in line. Regulatory bodies like the Read More
A global measure of corruption is sounding the alarm that not only is the level of bribery and corruption not improving around the world it is worsening in several countries, including in such developed nations as Canada, Austria, and the United Kingdom. The 2022 Corruption Perceptions Index (CPI), released this Read More
Enforcement against foreign bribery on a global scale has hit an historic low, according to a report by Transparency International. In Transparency International’s report, “Exporting Corruption 2022,” 43 signatories to the OECD Anti-Bribery Convention were assessed, along with China, India, Hong Kong SAR, and Singapore. Together, the countries analyzed account Read More
The 2021 Corruption Perceptions Index (CPI) released by Transparency International shows that corruption levels remain at a standstill worldwide, with 86 percent of countries making little to no progress in the last 10 years. Nearly two-thirds of nations scored below 50 on the 100-point scale this year. The largest declines Read More
A new report gives some companies a failing grade for racial and gender pay equity and their efforts to disclose and act on such pay disparity. Goldman Sachs, Facebook, Disney, Oracle, and Walmart were among the companies that received an “F” for their public pay equity disclosures and practices. Of Read More
The Justice Department obtained more than $5.6 billion in settlements and judgments from civil cases involving the False Claims Act during the 2021 fiscal year. It was the second largest annual total in the history of cases of fraud and false claims against the U.S. government under the law, and Read More
A new report finds that regulatory enforcement actions against financial institutions and their employees totaled $5.4 billion for non-compliance with anti-money laundering (AML) and data privacy regulations last year, in comparison to $10.6 billion in 2020, a decline of just under 50 percent. The report, issued by Fenergo, which provides Read More
A new survey of compliance professionals indicates that strong, supportive communication with the board of directors can strengthens ethics and compliance programs, especially in navigating the tricky landscape of the pandemic. This year’s second Ethics & Compliance Program Effectiveness Report, published by compliance education firm LRN, examined the role and Read More
