Tag: data governance

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Compliance Tip of the Day

Compliance Tip of the Day: The Importance of Data Governance

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements.

Whether you’re a seasoned compliance professional or just starting your journey, our aim is to provide you with bite-sized, actionable tips to help you stay on top of your compliance game.

Join us as we explore the latest industry trends, share best practices, and demystify complex compliance issues to keep your organization on the right side of the law.

Tune in daily for your dose of compliance wisdom, and let’s make compliance a little less daunting, one tip at a time.

In today’s episode, why is data governance the key factor that impacts the importance of compliance, data governance, and cybersecurity in business?

 

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program Through Data Analytics: Day 11 – The Importance of Data Governance

In today’s digital landscape, compliance, data governance, and cybersecurity have become crucial aspects of running a successful business. The convergence of these three disciplines is a growing trend, emphasizing the need for collaboration and breaking down silos within organizations. The key factor that impacts the importance of compliance, data governance, and cybersecurity in business is data governance.

Data governance involves managing and organizing data for accuracy, accessibility, and compliance. With the increasing amount of data being generated for compliance and other corporate functions, it has become crucial for organizations to have effective data governance and legal technology services in place to ensure compliance with regulatory obligations. It plays a significant role in both the business and legal aspects of an organization. CCOs and compliance professionals rely on data to make informed decisions, analyze trends, and measure key performance indicators. From a legal perspective, data governance is essential for providing legal advice and meeting regulatory obligations.

 Three key takeaways:

1. Data preservation and credibility are crucial for effective compliance representation if a regulator comes knocking.

2. Compliance, data governance, and cybersecurity are intertwined in today’s business landscape.

3. As the digital landscape continues to evolve, organizations must prioritize data governance and stay compliant and competitive in the business world.

For more information on KonaAI, click here.

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Innovation in Compliance

Innovation in Compliance – Oshri Cohen on the Role of a CTO in Compliance

The role of a Chief Technology Officer (CTO) in compliance and data governance is explored in this podcast episode between Tom Fox and Oshri Cohen. They discuss the varying responsibilities of a CTO based on company size, with larger organizations focusing on strategic planning while smaller organizations have the CTO as the head engineer. The importance of the CTO in managing risks, particularly in industries like healthcare and finance, is emphasized, along with the role of the board in providing oversight. The conversation also delves into the significance of data strategy, compliance, and data governance, emphasizing the need for collaboration between the CTO and the Chief Compliance Officer (CCO). Technical due diligence and the establishment of a data commission within organizations are suggested as strategies for effective data governance. Overall, the conversation highlights the crucial role of the CTO in ensuring compliance and protecting sensitive information.

  • The Role of a CTO in Compliance
  • Data Strategy and Compliance
  • Data Governance Challenges
  • Data Governance and Startups
  • Risks in System Audits

 Resources:

Oshri Cohen on LinkedIn

Tom Fox

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Data Driven Compliance

Data Driven Compliance: Malcolm Hawker and Fit for Purpose Data

Are you struggling to keep up with the ever-changing compliance programs in your business? Look no further than the award-winning Data Driven Compliance podcast, hosted by Tom Fox, which is a podcast featuring an in-depth conversation around the uses of data and data analytics in compliance programs.

Is your company’s data fit for purpose? In this episode of the Data Driven Compliance podcast, host Tom Fox welcomes Malcolm Hawker of Profisee, a company that creates MDM software, to discuss the importance of data quality, master data management (MDM), and data governance. They also explore how proper data management can drive exceptional results, reduce costs, and ensure compliance.

Key Highlights:

  • Data must be accurate, complete, timely, and unique to be fit for purpose within an organization’s business processes.
  • Master data management (MDM) solves the “single version of the truth” problem, helping organizations maintain consistent and trustworthy data across various systems and departments.
  • Effective data governance involves creating and implementing policies and procedures related to data management to optimize value, reduce costs, and ensure compliance.
  • Regardless of technology trends, the foundation of accurate, consistent, trustworthy, and fit-for-purpose data remains essential for successful decision-making and operations.

Notable Quotes:

“Data quality is all about making sure that you have data that is fit for purpose, that can be used efficiently in operations within the business, can be accurate and consistent, and trustworthy within the analytics, the reports used by that organization.”

“My point here is that from a governance perspective, …the foundation of data quality, master data management – all the things that go into creating accurate, consistent, trustworthy, fit-for-purpose data – those things never go away.”

“Modern younger business leaders are turning to LinkedIn, and they’re turning to YouTube and podcasts for these types of insights. I need to be where the business leaders are.”

Resources:

Malcolm Hawker on LinkedIn

CDO Matters LIVE Podcast

Profisee

 Tom Fox 

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Data Driven Compliance

Aron Clymer – Using Data as a Path to Yes

Data Driven Compliance, hosted by Tom Fox, is a podcast featuring an in-depth conversation about the uses of data and data analytics in compliance programs. In this episode, host Tom Fox visits Aron Clymer, Founder and CEO of Data Clymer, who leads a full-stack data engineering firm to empower businesses to unlock the value of their data but discovers the challenge of creating a competitive advantage in the data space.

Aron Clymer spent twenty years working with enterprise software and data in Silicon Valley and corporate America. After building a data team at Salesforce, he became a professional services expert to gain experience with multiple industries. He created Data Clymer, a full-stack data engineering firm, to help businesses extract value from their data. Through data warehousing and business intelligence tools, Aron and his team can give companies access to all the data they need. By democratizing data access, Aron is helping companies create a competitive advantage and trust in their data.

Key Highlights

·      How can companies gain a competitive advantage through data?

·      What is the modern data stack, and what does it involve?

·      How can businesses make the most of their data to ensure trust and accuracy?

 Notable Quotes

1.     “What’s beautiful about a central data warehouse for any organization is it takes all of your data and puts it in a single location – so you can extract the value of all the data you have and create a competitive advantage.”

2.     “You must trust the data before it becomes valuable.”

3.     “It’s worth the effort to think it through and consistently model your data.”

4.     “Any employee in a company should be able to access data very easily.”

5.     “Data is critical for all that – data governance, data cleansing, data integrity.”

 Resources

Aron Clymer on LinkedIn

Data Clymer

 Tom Fox 

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Compliance Into the Weeds

COSO Framework for Sustainability Controls and Reporting

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, join Tom and Matt as they discuss a new sustainability framework that companies can use to improve their sustainability efforts. The document emphasizes the importance of data governance and using a recognized control framework for effective financial reporting, similar to COSO. The hosts explore the challenges of collecting and managing sustainability data, while highlighting the need for organizations to have a Chief Data Governance Officer and an in-house data committee. They discuss the importance of competent leadership, effective communication, and the role of vendors offering sustainability supporting solutions. Tune in to discover how the right oversight mechanisms can save organizations money by streamlining IT vendors and why sustainability data reporting is the new challenge of achieving Sarbanes Oxley compliance in the 2000s.

 Key Highlights

·      COSO Internal Control Framework for Sustainability Disclosures

·      Comparing Sustainability and Ethics/Compliance Frameworks

·      Challenges in Sustainability Data Collection

·      Importance of Data Governance in Large Enterprises

 Notable Quotes

1.     “ESG and sustainable business information, on the other hand, tends to be longer term and more qualitative.”

2.     Revenue numbers are in dollar returns and carbon emissions are not.

3.    Radically different sorts of disclosures and data there, but you have to think through.

4.    You’re going to have to make sure that the data governance mechanisms you have? Do you have a Chief Data Governance Officer? Some organizations do. Do you have an in house data committee to think about are we collecting all of this data?

 Resources

Matt  on LinkedIn

Matt on Radical Compliance

Tom

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Uncovering Hidden Risks

Ep 2 – 3 Ways to Prepare for the Future of Data Governance and Collaboration

Jeff Teper, Corporate Vice President of Microsoft 365 Collaboration, including Teams, SharePoint, and OneDrive, join’s Erica Toelle and Chris McNulty on this week’s episode of Uncovering Hidden Risks. Jeff leads product, design, and engineering teams for Microsoft 365, including Teams, SharePoint, OneDrive, Viva, and more which empower people and organizations worldwide to collaborate at work, home, and school. Erica and Chris speak with Jeff about empowering users to do more through collaboration technology, a zero-trust model for collaboration, and how we can make powerful things simple.

 

In This Episode You Will Learn:

  • The connection between collaboration and data governance
  • Top three ways we can prepare for the future of data governance
  • Balancing a great employee experience with data governance

Some Questions We Ask:

  • How do you define data governance?
  • What are the top three ways we can prepare for the future of data governance and collaboration?
  • What excites you the most about the future of collaboration and data governance?

Resources:

View Jeff Teper on LinkedIn

View Chris McNulty on LinkedIn

View Erica Toelle on LinkedIn

Related Microsoft Podcasts:

Listen to: Afternoon Cyber Tea with Ann Johnson

Listen to: Security Unlocked

Listen to: Security Unlocked: CISO Series with Bret Arsenault

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Uncovering Hidden Risks

Ep 1 – Transitioning to a Holistic Approach to Data Protection

Bret Arsenault, CVP, CISO at Microsoft, joins us on this week’s episode of Uncovering Hidden Risks to discuss how a holistic approach to data protection can deliver better results across your organization and the three steps that can get you there. Erica Toelle and Talhah Mir host this week’s episode to chat with Bret about current trends in the data protection space, what data protection issues are top of mind, and how teams should get started on their data protection strategy.

In This Episode You Will Learn:

  • How to take a holistic approach to data protection
  • What data protection issues are top of mind
  • How teams can get started on their data protection strategy

Some Questions We Ask:

  • How do you view the data protection landscape?
  • What trends do you see in the data protection space?
  • What challenges have you faced in understanding your data estate?

Resources:

View Bret Arsenault on LinkedIn

View Talhah Mir on LinkedIn

View Erica Toelle on LinkedIn

Related Microsoft Podcasts:

Listen to: Afternoon Cyber Tea with Ann Johnson

Listen to: Security Unlocked

Listen to: Security Unlocked: CISO Series with Bret Arsenault

 

 

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Blog

The Uncovering Hidden Risks Podcast Returns to the Compliance Podcast Network

The risk landscape for organizations has changed significantly in the past few years. Traditional ways of identifying and mitigating risks simply do not work. They focus primarily on external threats when risks from within the organization are just as prevalent and harmful. Additionally, regulations change frequently, and it is difficult for security and compliance leaders to keep up on these changes.

The Compliance Podcast Network is therefore thrilled to have back for a limited series, the Microsoft podcast, The Uncovering Hidden Risks, which will explore the need for enterprises to quickly move to a more holistic approach to data protection and reduce their overall risk. The show will cover an array of topics, across data governance, risk management, and compliance. It will address industry trends and customer pain points.

In each episode Erica Toelle, Sr. Product Marketing Manager for Microsoft Purview, partners with a Microsoft guest host to interview a guest leader in the data governance and compliance industry. These experts have a unique and deep understanding of the challenges organizations face, and the people, processes, and technology used to address them.

We are excited to have this podcast made available to the listeners of the Compliance Podcast Network so that they may listen in to these conversations as Erica and her Microsoft colleagues discuss a range of interesting topics, ranging from trends, best practices, and real-life strategies for developing a holistic data governance and risk management program.

The Uncovering Hidden Risks podcast will launch on Wednesday, September 28th with the first episode in the series.  

Listen to The Uncovering Hidden Risks podcast trailer below and subscribe on https://www.uncoveringhiddenrisks.com

Or you can listen and subscribe on the following platforms:

Here is a preview of the first episode, posting on Wednesday, September 28th:

Transitioning to a holistic approach to data protection

Guest Bret Arsenault, CVP, CISO at Microsoft joins us on this week’s episode of Uncovering Hidden Risks to discuss how a holistic approach to data protection can deliver better results across your organization and the three steps that can get you there. Erica Toelle and Talhah Mir host this week’s episode to chat with Bret about current trends in the data protection space, what data protection issues are top of mind, and how teams should start on their data protection strategy.

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This Week in FCPA

Episode 297 – the Ng Convicted edition


As the NY Mets have the best record in baseball and we prepare for the celebrations of Easter and Passover, Tom and Jay are back to look at some of the week’s top compliance and ethics stories in the Ng Convicted edition.
Stories

    1. Roger Ng was convicted. Tom in the FCPA Compliance and Ethics Blog.
    2. Lessons from DOJ’s first cyber fraud settlement? Annie Hudgins in the FCPA Blog.
    3. Depression as corporate materiality issue. Dick Cassin in the FCPA Blog. 
    4. Should CCOs be required to certify compliance programs? Mike Volkov in Corruption Crime and Compliance.
    5. CEO fined by SEC for impeding whistleblower. Aaron Nicodemus in Compliance Week. (sub req’d) Matt Kelly in Radical Compliance.
    6. How much BOD oversight of compliance is enough? Jeff Kaplan in Conflict of Interest Blog. 
    7. Compliance in recessionary times. Jim DeLoach in CCI.
    8. Water and corruption. Rick Messick in GAB.
    9. Why should an organization disclose diversity information? Antinuke Adrian in Harvard Law School Forum on Corporate Governance.  
    10. Data governance best practices. Eray Eliaçik in Data Economy. 

Podcasts and More

  1. Tom visits with Matt Galvin and Dan Kahn over a 2-part podcast series. In Part 1, they talk about dealing with the DOJ during an FCPA investigation and thereafter. 
  2. Into Star Trek, then join Tom and John Champion, who is on a 15-year mission to do a podcast on every episode of Star Trek, television, movie, and animated show on the podcast MissionLogPodcast.com. In Part 1, from TOS up to the start of TNG. In Part 2, from TNG to today. 
  3. This month on the Compliance Life, I visit with Susan Divers, Director of Thought Leadership at LRN. In Part 1, academic life and early professional career. In Part 2, she moves to the corporate world. 
  4. Why should you attend Compliance Week 2022? Find out on this episode of From the Editor’s Desk. Listeners get a $200 discount to CW 2022 with the code Fox200. More here. 
  5. Join Tom and Jay at ECI Impact 2022. Listeners to this podcast can save 20% off registration
    by entering discount code: TOM20 at checkout.
  6. Welcome back, Sam Rubenfeld.

Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.