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3 tips to mitigating third party risk

Today’s organisations very rarely exist in a vacuum. Companies depend on a multitude of third parties in order to achieve core business functions and may include vendors, contract manufacturers, traditional suppliers, agents, distributors, technology providers, franchisees and more. As dependence on outside parties increase, so too do the challenges involved in building processes to effectively

CURA Software Named on The Gartner Magic Quadrant for Integrated Risk Management

Gartner’s report on The Magic Quadrant for Integrated Risk Management identifies risk management software providers who demonstrate excellence across five critical capabilities, namely: Risk and Control Documentation/Assessment, Incident Management, Risk Mitigation Action Planning, KRI Monitoring/Reporting, and Risk Quantification and Analytics. Gartner’s Magic Quadrants are based on rigorous, fact-based analysis backed up by a highly structured

Guidelines for mitigating third party risk

No business today exists in a vacuum. Organisations of all sizes depend on a plethora of partners and suppliers, including vendors, contract manufacturers, traditional suppliers, agents, distributors, technology providers, franchisees and more. So says Warren Green, a governance, risk and compliance expert at CURA Software Solutions, who adds that, as businesses grow increasingly dependent on outside parties, the challenge is to

How to Mitigate Third Party Risk

Today’s organisations very rarely exist in a vacuum. Companies depend on a multitude of third parties in order to achieve core business functions, and may include vendors, contract manufacturers, traditional suppliers, agents, distributors, technology providers, franchisees and more. As dependence on outside parties increase, so too do the challenges involved in building processes to effectively

The End of an Era for Shareholder Supremacy

In the face of corporate scandals such as the Steinhoff accounting irregularities, Tiger Brands’ listeriosis crisis and Enron just to name a few, it has become clear that big corporation’s modus operandi of shareholder supremacy is potentially having dire effects on public sentiment. In a world where shareholders rule, directors manage organizations for the purpose

IS GDPR COMPLIANCE NECESSARY FOR YOUR BUSINESS?

As the compliance date of 25 May 2018 draws near, have you considered whether or not your business needs to align with the General Data Protection Legislation? As the GDPR is golden standard for data protection legislation globally, POPIA compliance may not be enough, depending on your data handling commitments as an organisation. Two main

Reducing Risk Through the Internet of Things

Technological innovation through the Internet of Things is set to springboard Governance, Risk and Compliance practices into the future. The Internet of Things (IoT) is a digital revolution that not only has the potential to impact how we live, but also how we work. By 2020, it has been predicted that there will be anywhere from

The Critical Importance of Documented Risk Assessment

In April of 1912, Captain E.J. Smith said, “Never in all history have we harnessed suchformidable technology. Every scientific advancement known to man has been incorporated intoits design. The operational controls are sound and foolproof!” This quote went on to becomesynonymous with one of history’s greatest failures to adequately assess risk: the sinking of theTitanic.