Like getting into good shape, Jim Harris says we must carefully measure adherence to regulatory compliance – using both internal and external measures.
From national security agencies, law enforcement organizations looking to terrorism and criminal activities, internal security, audit and compliance departments, to hospitals and public health organizations guarding against disease outbreaks, there are many common needs and constant challenges, e.g.: Detect an event of interest in the early stages. Investigate suspicious events
Platform and strategy are core to compliance, but Jim Harris says commitment from people across the organization is just as important and harder to achieve.
David Loshin describes three sets of policies required for ensuring compliance with data protection directives for health care.
At its core, data compliance is built on simple foundations. Dylan Jones closes this series by explaining the remaining components of the "4F framework."
To show how they're compliant with regulatory mandates, organizations first need an enterprise data strategy. Joyce Norris-Montanari discusses the issues.
Health care fraud prevention is a sticky topic. David Loshin discusses what's needed to balance prompt claims payments with fraud prevention efforts.
Q&A between Ulrike Bergmann and Carsten Krah The concept of self-service in analytics is often associated with business innovation and speed of response to customer demand. But self-service can also empower and encourage individual employees to support operations in a more effective way. I caught up with Carsten Krah Senior
As you work toward data compliance, Dylan Jones says keep it simple – start with the 4F’s: Function, Flow, Form, Foster. Part 1 looks at the first two.
Corporate compliance with an increasing number of industry regulations intended to protect personally identifiable information (PII) has made data privacy a frequent and public discussion. An inherent challenge to data privacy is, as Tamara Dull explained, “data, in and of itself, has no country, respects no law, and travels freely across borders. In the
The term compliance is most often associated with control. It evokes visions of restrictions, regulations and security protecting something which is to remain private. The term open is most often associated with access, and it evokes visions of an absence of restrictions, regulations and security – making something available which is
.@philsimon chimes in with trust- and privacy-related recommendations
January 28th was international Data Protection Day and, it (nearly) seems like the week after that, the tougher EU regulation will go into effect. At least that’s the impression you can get when you talk to data protection experts or catch sight of their efforts to cope with the EU’s
The financial sector has always been subjected to regulatory compliance laws and directives. Consumers, lawmakers and politicians would expect no less. But it's fair to say that the financial sector has witnessed a "hockey stick" trend regarding new regulations in recent years.
.@philsimon says that, once again, there's quite a bit to learn from Amazon.
I've been working on a pilot project recently with a client to test out some new NoSQL database frameworks (graph databases in particular). Our goal is to see how a different storage model, representation and presentation can enhance the usability and ease of integration for master data indexes and entity
.@philsimon looks at the challenges and opportunities that big data pose for data governance.
I was surprised to learn recently that despite the reams of laws and policies directing the protection of personally identifiable information (PII) across industries and government agencies, more than 50 million Medicare beneficiaries were issued cards with a Medicare Beneficiary Number that's based on their Social Security Number (SSN). That's
Balance. This is the challenge facing any organisation wishing to exploit their customer data in the digital age. On one side we have the potential for a massive explosion of customer data. We can collect real-time social media data, machine data, behavioural data and of course our traditional master and
Niemand, wirklich niemand ist bereit, auf eine Entscheidung zu warten, wenn es um die Kreditvergabe geht. Heute erwartet jeder Verbraucher, Produkte und Dienstleistungen sofort zu bekommen, sogar bei den früher so beratungsintensiven Finanzprodukten. Dies stellt Finanzinstitute vor ganz spezielle Herausforderungen: Sie müssen über die richtigen Prozesse verfügen, um die schnellen
„Mein Name ist Dr. Richard Dump. Ich bin IT Verantwortlicher bei einem großen global agierenden Unternehmen. Unsere IT Strategie ist durch eine konsequente Cloud Ausrichtung in Bezug auf Hardware und Software durch internationale Provider (auch außerhalb der EU) gekennzeichnet. Dies beinhaltet ebenso die Verarbeitung von personenbezogenen Daten.
Die Versicherungswirtschaft online hat berichtet, dass der Bundestag das Bankgeheimnis beerdige. Insbesondere nach den Anschlägen vom 11.September gab es vielfältige regulatorische Eingriffe mit diversen Aufweichungen dieses Bankgeheimnisses, so zum Beispiel das Kontoabrufverfahren nach §24c KWG. Hier war die BaFin bei berechtigtem Interesse legitimiert, auf Kontostammdaten aller in Deutschland befindlichen Konten zuzugreifen.
According to a 2012 report, it was estimated that over the next five years the US Internal Revenue Service (IRS) will issue more than $20 billion in potentially fraudulent tax refunds. Figures like this do little to boost taxpayers’ confidence in our nation’s tax system. And tax fraud is not
Regulatory compliance is a principal driver for data quality and data governance initiatives in many organisations right now, particularly in the banking sector. It is interesting to observe how many financial institutions immediately demand longer timeframes to help get their 'house in order' in preparation for each directive. To the
I cannot speak from experience, but predominately an Insurance CEO has three primary objectives: Grow the business Reduce expenses Ensure compliance. Let’s individually consider each of these objectives in more detail. Grow the Business How does an insurance company grow from a $2bn to a $3bn organization? Essentially, insurance has