Originally Published in WSJ Risk & Compliance Journal | August 16, 2013 | By Ben DiPietro
A look at some recent surveys and reports dealing with risk and compliance issues. Send surveys and reports to firstname.lastname@example.org.
More companies are using systematic analytical techniques to identify and evaluate the security risks on their information assets and IT infrastructure, a study by Ponemon Institute and Tripwire found. The “State of Risk-Based Security Management” survey of more than 1,300 IT professionals in the U.S. and U.K. found 51% of respondents in the U.S. and 49% in the U.K. said they have identified specific controls at various network layers to ensure the risks were acceptable to the business, but only 43% in the U.S. and 39% in the U.K. had implemented those controls.
What can companies do to protect themselves from the use of unauthorized intellectual property by suppliers in their supply chain? A report from White & Case says companies can take some simple steps to protect themselves, and adapting existing compliance policies could make the difference to avoiding significant legal challenges.
The end is near for unstructured data, as more information is being aggregated into the expanding universe of structured data, according to a report from TABB Group. “Patterns in the Words: The Evolution of Machine-Readable Data” discusses how trading strategies, risk analytics, fraud detection and numerous types of decision support in global capital markets will incorporate this converted data.
Alignment between partners in a supply chain is the most important factor to managing risk challenges in the chain, a survey by PwC and MIT Forum for Supply Chain Innovation reports. Respondents say supply chain disruptions can have a significant impact on financial results, and companies with mature risk-management practices are likely to be more resilient to any disruptions that may occur.
The 2013 Corporate Governance and Compliance Hotline Benchmarking Report from BDO Consulting is the eighth annual statistical study looking at compliance hotline-related activity. The cross-industry incident-reporting rate increased to 9.27 reports per 1,000 employees, up 8% from the previous year. Also, the Corporate Fraud Index for 2012, which measures the percentage of fraud-related incidents across all reports, rose to 23.6%, an all-time high since the Index was first reported in 2005.
Much more can be done to protect corporations against copyright and trademark infringement, executive events organizer Consero Group reports in a survey of brand protection officers. The survey found 87% of respondents think companies are not doing enough to guard against copyright and trademark infringement. The 2013 Brand Protection & Anti-Counterfeiting Data Survey also found 40% of respondents don’t feel their companies apply sufficient resources to defend against online piracy and data security.
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