Blog

Recent events point to the need to reexamine the Fiduciary Duty of Boards. Wirecard AG, headquartered in Munich, Germany, is a large, international payments processing fintech company.  On June 19th, the Wall Street Journal reported that funds totaling approximately $2.1 Billion appeared to be m ....

Shared Assessments’ Continuous Monitoring Working Group recently convened to examine the financial crime risks that a vendor manager must understand. Ken Wolckenhauer, head of vendor due diligence and review for the New York branch of Finland-based Nordea Bank, led the discussion around this serio ....

Shared Assessments’ Operational Technology Risk Management Working Group has been discussing the impact of the pandemic on factory floors across the world.    The COVID-19 pandemic’s expansion has led to labor constraints across the globe.  Companies are scrambling to develop processes ....

Three decades ago, Nike’s iconic “Bo Knows” campaign featured TV commercials of teammates marveling at Bo Jackson’s incredibly rare skill set. He was the first modern professional athlete to play on Major League Baseball and the National Football League teams in the same year. The advertisin ....

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"] [et_pb_text admin_label="Text"] In late November, The Wall Street Journal ran an exposé on cyberattacks that have struck more than a dozen utilities that operate near critical infrastructure ....

By Bob Jones, Senior Advisor, The Santa Fe Group   There are three different aspects of fraud that are relevant to third parties. The first is defalcations by the third party’s employees exploiting inadequate internal controls.  The second is fraud perpetrated by the principals of the ....