NO LONGER A CASE OF BUSINESS AS USUAL: KEY DRIVERS OF CHANGE AND THEIR IMPLICATIONS FOR INTERNAL AUDITORS
By: Lynn Sullivan Introduction Internal audit plays a key role in an organisation’s corporate governance in that it provides independent assurance that an organisation’s governance, risk management and internal controls are operating effectively. In recent years, several factors have emerged as key drivers of change within the internal audit profession, effectively shaping its priorities and […]
Business Continuity Management – Are you prepared?
“It’s not a matter of if a disaster strikes, but how well you are prepared and ready to give assurance to your stakeholders that you are in control when it does.” Business disruptions are occurring at a pace never seen before. Organisations of all sizes are experiencing disruption from a variety of forces – disruptions […]
Occupational Health and Safety Beyond the Risk Register
Most businesses have found themselves crippled by Occupational Health and Safety (OHS) non-compliance cases; or irreparably damaged by tragedies that could have been avoidable.
The effect of Governance, Risk and Compliance during volatile economic times
There is very little doubt that the Covid-19 pandemic has affected all sectors of world economies, with the gambling sector not being spared. Within the African continent, the dual effect of the pandemic and the preventative measures taken against it has resulted in operators engaging in cost containment initiatives while remaining operationally effective and efficient.
Understanding the digital fraud risk post-COVID
The pandemic caused dramatic changes across every aspect of our lives, especially when it came to the way we work and conduct business. Companies were forced to embrace change and quickly adapt to a constantly evolving landscape to stay ahead. A key driver of change was the accelerated adoption of digital transformation strategies. Although this […]
The latest in Cybercrime and how risk management can keep you and your data safe.
Cybercrime is on the rise in South Africa and there seem to be more frequent reports of yet another company falling prey to a cyberattack. Recently companies like Dischem, Transnet and TransUnion have both reported breaches in their security. With the exponential rise in digital transformation, it shouldn’t be surprising that the risk of cybercrime […]
Key Steps To Reach Protection of Personal Information Act (POPIA) Compliance in the Hospitality Sector
South Africa’s stunning landscapes, diverse culture and delicious cuisine tempt visitors from far and wide. From game reserves to wine estates, hotels to B&Bs, businesses in the hospitality industry must remain compliant with laws, acts and other regulations related to the industry. One such act is the Protection of Personal Information Act (POPIA). This piece […]
COVID-19 KEY CONSIDERATIONS FOR THE C-SUITE
The proliferation of COVID-19 is ubiquitous.
Spreading effortlessly across the globe and
wreaking havoc by creating uncertainty in
geographies, their economies and markets, as
well as causing panic throughout civil society.
Assuch,SouthAfricahasnotbeenspared. On
23 March 2020, President Cyril Ramaphosa,
through the National Coronavirus Command
Council, acted swiftly and decisively, by
enforcing a nationwide lockdown barring certain
categories of individuals such as healthcare
professionals and essential services including
inter alia, the production and supply of food.
The lockdown will last 21 days, commencing
from midnight on 26 March 2020 in an attempt
to curtail the spread of COVID-19. Social media
trends have aptly hash-tagged and called for
everyone to play their part in
#FlatteningTheCurve.
Dealing with the Increase in Cybersecurity Threats
Since the start of the covid-19 pandemic in 2020, security researchers have estimated that cybersecurity attacks have increased
by 300%1, with over 45 000 hack attempts occurring every day in South Africa2. The increase in number is driven primarily with the fast adoption of digital transformation
to enable remote working from home, the establishment and increase of hacking
forums where information about vulnerable organisations are exchanged, and due to the profile of the typical hacker evolving with the establishment and accessibility of automated penetration test tools allows any interested person to become a hacker.
Risk Management – The Road To Resilience
For any organisation to achieve a state of resilience, it has to follow a systematic risk management process. This process needs to be outcomes-based and it needs to be integrated. However, the ÿrst step in the journey of risk management, is to understand what a risk is.
