Risk Archives - Enable Professional Services

Overcoming International Compliance Challenges

November 19, 2020November 19, 2020
by Andre Merwe

What is LexisNexis Regulatory Compliance?

LexisNexis® Regulatory Compliance is a legal – obligations register and alerting solution that combines regulatory content with technology to empower you to take control of your compliance obligations.

Complex landscapes. Easy navigation

LexisNexis Regulatory Compliance provides a cost-effective solution to help you meet the demands of an increasingly complex regulatory environment. We offer a range of modules that cover the relevant areas of law not just in Australia but across multiple jurisdictions and industries, embedded with clear, practical, plain English interpretation of all your legal obligations.

Flexible technology options

– Our objective is to make your compliance journey fast and seamless which is why we provide you with flexible technology options.

– We can import our content into your existing GRC / ERM system via our API.

– We also work alongside a panel of carefully selected software partners where we can offer a complete package of content and software, designed to meet your existing and future needs.

LexisNexis experts complete the research. You focus on your business

The LexisNexis team use Australia’s leading legal and industry experts to interpret all the relevant regulatory materials, so you don’t have to. This saves you significant advisory costs and / or research time.

The experts the LexisNexis teamwork alongside can:

– Create obligations content in easy-to-navigate topics organised by business processes

– Provide guidance to help you ensure continuous compliance

– Provide updated obligation and attestation registers as regulatory changes take effect.

Complimentary Event: Overcoming International Compliance Challenges

The international legal landscape is everchanging and keeping track of these compliance obligations can be difficult. Within the context of international privacy and cybersecurity regulations, our speakers, Paul Thomason, Director of Strategy and Innovation at Enable PS and Kieran Seed, Senior Content Manager at LexisNexis, will cover the following topics:

– Highlight regulatory changes across international privacy and cybersecurity legislation

– Outline impacts on GDPR and other regulatory burdens

– Showcase how LexisNexis content covers these changes to legislation within their international content set

– Provide you with a live demonstration of how Enable PS can drive compliance using content on a real-time automation IRM platform

In collaboration with LexisNexis and ServiceNow, Enable will co-present an informative webinar on the newly released international content. LexisNexis AU provides easy access to comprehensive and affordable international legal information, including content from the countries including but not limited to China, Hong Kong, South Africa, Malaysia, Singapore and India.

This 1-hour webinar will demonstrate the power of the LexisNexis content in use of the ServiceNow Platform.

News

Effective Risk and Compliance Management in Higher Education

October 15, 2020October 28, 2020
by Myhendri Govender

In a consistently evolving regulatory and risk environment the one constant remains the ability to respond promptly, appropriately and almost preemptively to these changes. This has fostered a need for deep embedment of risk management and more particularly compliance to regulatory requirements into the corporate culture of all organisations, some more highly regulated than others. The bottom line is that risk management and compliance are no longer perceived burdens but rather form an integral part of doing business in the right way. Efficient and effective risk management practices place organizations at a competitive advantage. It is not sustainable to consistently allocate additional resources to these issues. This is where intelligent, automated, integrated risk management solutions play a key role.

The bottom line is that risk management and Compliance are no longer perceived burdens but rather form an integral part of doing business in the right way.

The financial services industry has experienced the brunt of it through changes in regulation and regulatory frameworks, hefty penalties and fines and commissions of enquiry, with heightened expectations from consumers. Other industries such as higher education have also followed suit under these regulatory pressures and expectations.

Since its establishment in 2011, the Tertiary Education Quality Standards Agency (“TEQSA”) has focused on the protection of students’ interests and in preserving the reputation of the higher education industry. TEQSA’s regulatory approach is a risk-based and standards one to regulation. Its remit in conducting compliance and risk assessments, re-accreditation assessments of courses and in collecting and analyzing information for these assessments has necessitated effective risk and compliance management practices and the flow of qualitative, accessible data to TEQSA.

TEQSA conducts its risk assessments on an annual basis. According to TEQSA these serve as a regulatory tool guiding TEQSA’s priorities and regulatory scoping activities in a risk-reflective manner. And therein lies the opportunity to manage risk preemptively based on the results of the preceding risk assessment conducted.

In order to accommodate higher education practises in a Covid 19 climate, TEQSA has introduced interim relaxations to the standards. Staying on top of these changes in addition to industry-relevant legislative changes can pose a challenge.

The IRM Practice of Enable Professional Services can add value to risk management and compliance practises in the higher education industry.

Enable Professional Services is the most qualified, certified and capable ServiceNow partner in the APJ region. ServiceNow Governance, Risk and Compliance (GRC) helps transform and integrate inefficient GRC processes into an integrated GRC risk program. Through continuous regulatory change alerts, control compliance monitoring, issues and incident management, key risk indicator (KRI) monitoring and automation, and dashboard reporting, ServiceNow GRC delivers a real-time view of compliance and risk levels, improves decision making, and increases GRC performance across organisations.

Related links:

For more TEQSA related information please refer to the TEQSA website: https://www.teqsa.gov.au/

Written by –

Myhendri Govender

LEAD CONSULTANT – GRC

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News

Increasing exposure to cyber risks during COVID-19

October 15, 2020November 4, 2020
by Vikram Khatri

The alarming spread of COVID-19 worldwide has led to the fastest migration in the history of employees moving their work from formal office environments to home workspaces. While this has helped achieve goals of social distancing and curbing the spread of the pandemic, it has greatly increased the possibility of security and data breaches due to deficiencies in cybersecurity measures. IT departments have been given impossibly short deadlines to cater to the move to remote work, without the opportunity to prepare for this transition. The transition to remote work has been even more challenging in organisations where the IT infrastructure and security teams were operating in silos.

Threat actors have taken advantage of cybersecurity gaps caused by widespread remote work – caused by increased pressure on IT and Security teams, end-users not following security best practices as they perform work on their own devices and exposure of critical company information outside traditional office network boundaries. Phishing, data theft and ransomware attacks have increased in quantity and severity and threat actors have used the fear of the pandemic to design new ways of performing cyber-attacks.

The increasing number and types of cyber-attacks require an automated approach to assessing, triaging and remediating security issues.

The need for improving efficiency and productivity of IT and security teams, so that they could focus on adapting and executing on cybersecurity measures in this new environment, has never been greater. The increasing number and types of cyber-attacks require an automated approach to assessing, triaging and remediating security issues. Also important is to break the barriers between the security and IT teams to ensure that they operate as one cohesive unit to meet the business needs of the larger organisation while minimising exposure to cyber risks.

Are you interested in learning about a platform which could help you optimise your cybersecurity spending and efforts in these special circumstances? Sign up for a Free Business Value Assessment here.
ServiceNow® Security Operations helps organisations connect security and IT teams, respond faster and more efficiently to threats, and get a definitive view of their security posture. It connects the workflow and systems management capabilities of the Now Platform™ with security data from leading vendors to give your teams a single platform for a response that can be shared between security and IT. With orchestration, automation, and better visibility, teams can respond more efficiently, reducing business risk.

The solution provides interdependency views between infrastructure, applications and business services so that IT and Security teams can understand the overall business impact before taking remediation actions.

The less time in-house experts spend on administrative tasks, the more they can spend on creating and implementing comprehensive cybersecurity measures.

Written by –
GRC PRINCIPAL CONSULTANT
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