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Beyond the hype: Key components of an effective AI policy

CIO

Creating a robust AI policy is imperative for companies to address the ethical, legal and operational challenges that come with AI implementation. Understanding the need for an AI policy As AI technologies become more sophisticated, concerns around privacy, bias, transparency and accountability have intensified.

Policies 179
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The Importance of Security and Compliance in Enterprise Applications

OTS Solutions

However, as more organizations rely on these applications, the need for enterprise application security and compliance measures is becoming increasingly important. Breaches in security or compliance can result in legal liabilities, reputation damage, and financial losses.

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What is GRC? The rising importance of governance, risk, and compliance

CIO

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. What is GRC? GRC is overarching.

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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

TechCrunch

Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software. We want to add that depth in more markets, and Appruve gives some of that.”

Fintech 363
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What the Digital Operational Resilience Act means for you

CIO

Cyber attacks and data breaches can wreak havoc on a business’ IT systems, resulting in massive costs to fix the damage and a long-lasting impact on customers that could hamper a company’s growth for years to come. But what exactly does this policy mean for IT security? And how can businesses ensure they’re ready? What is DORA?

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Predatory loan apps in India rake in huge fees, and are driving some users to suicide

TechCrunch

All this started just a week after she applied for a small loan of around $100 that she needed due to a severe financial crisis earlier this year. Some are reportedly even taking their lives due to the immense pressure they get from these loan apps’ unregulated agents.

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Opal secures $10M for dynamic access management

TechCrunch

It’s Cobbe’s assertion that companies give out too much access to systems. To his point, a 2021 survey by cloud infrastructure security startup Ermetic found that enterprises with over 20,000 employees experienced at least 38% cloud data breaches due to unauthorised access. Image Credits: Opal.