Data Breach, COSO, and Risk
We seem to forget things that don’t interest us or are no longer useful. The problem, however, is that in the process of forgetting, our
Some of the biggest mistakes made when handling a crisis are not dealing with the problem head on, thoughtless or insincere comments, lack of communication with stakeholders, unprepared spokespeople, getting defensive after receiving backlash, or, sitting back and letting the problem grow. Domino’s, Sony, Samsung, BP, United Airlines, Equifax, KFC, are all good examples of companies who stumbled with crisis management. Organizations should study these crises and learn from the mistakes!
Summary TechnipFMC PLC and a U.S. subsidiary agreed to pay about $300 million to settle joint foreign bribery probes in the U.S. and Brazil, the
Cochise settles a circuit split and effectively lengthens the potential period of a company’s vulnerability to qui tam suits over alleged False Claims Act violations.
The risk of fraud is a serious concern for all types of enterprises, but fraud can be particularly damaging to a nonprofit organization, for which a damaged reputation can have devastating consequences.