How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
FTC 2019 privacy and data security update
The Federal Trade Commission has released its 2019 annual privacy and data security update, which highlights a record year for enforcement actions aimed at protecting consumer privacy and data security. The Commission levied a $5 billion penalty -- the largest consumer privacy penalty ever -- against Facebook for violating its 2012 FTC privacy order and imposed new restrictions on the social network’s business operations. The FTC also obtained a record $170 million penalty against YouTube and Google for alleged violations of the Children’s Online Privacy Protection Act (COPPA).