ThirdLine’s Post

I knew from our first meeting that Julian Metcalf and GPP Analytics Inc. would be a perfect fit as a ThirdLine partner. Now we can make that announcement 📣 official. https://lnkd.in/gxa7bDUS #govtech #fraudanalytics #auditanalytics #governmentaudit #riskaudit

Unlock the power of data with LexisNexis Data Services! Our cutting-edge solutions provide commercial organizations and government agencies with the critical insights they need to make informed decisions. From uncovering comprehensive information on individuals, businesses, and assets to mitigating risks through advanced analytics, our suite of tools is unparalleled in the industry. Discover the possibilities with Lexis ProcureCheck, Nexis Diligence, Lexis RefCheck, and Lexis WinDeed – each designed to streamline your risk management processes. Whether you're conducting background screenings, searching public records, performing due diligence, or vetting properties, we've got you covered. Experience the efficiency of our specialized risk-management tools, meticulously crafted to address your industry-specific needs. Plus, with access to thousands of unique data sources, LexisNexis Data Services ensures you receive precise, in-depth information when you need it most. Ready to elevate your decision-making process? Contact us today for more information and take the first step towards unlocking the full potential of your data-driven strategies. #LexisNexisDataServices #DataAnalytics #RiskManagement #DecisionMaking #UnlockThePowerOfData

Why Is the Internal Control Environment Important? A failure to have internal controls in place results in front-page news stories that no company wants to be a part of. Enron, Worldcom, and Equifax are a few examples of organizations that made news headlines due to a lack of internal control. Similarly, there are dozens of cases each year of companies that privately lose millions of dollars due to control failures, fraud, and misconduct. All of these outcomes are the result of a weak internal control system and highlight the importance of internal control to the success of an organization. Having a strong internal control environment can provide management and stakeholders reasonable assurance that the organization is operating in accordance with company policies, industry standards, and regulatory requirements.

Please join me in July when I present a webinar for the Institute of Internal Auditors on how to correlate data and design anti-fraud tests using a risk-based approach in order to tell a story that is both compelling and insightful. #TheIIA #internalaudit #fraudanalytics #datacorrelation #frauddetection https://lnkd.in/gHS5_wm4

https://lnkd.in/diJT2czy “One of the most pervasive issues is the fragmentation of data and processes. Many organizations still operate in silos, with different departments managing third-party risk independently. This makes it nearly impossible to achieve a unified view of third-party risks and creates redundancies that waste time and resources, and fail to deliver on holistic reporting that is required from things like EU DORA, EU CSRD / EU CSDDD, and more.”

📢 We’re thrilled to announce the launch of our Asurity Advisors website! Head over to www.asurityadvisors.com to explore our range of services and discover how we can support your risk and compliance needs. Whether you're looking for expert guidance or innovative solutions, we've got you covered. Take a look and let us know your thoughts! #AsurityAdvisors #Compliance #AdvisoryServices #RiskManagement

Free to read: the latest job changes across the industry https://hubs.li/Q030MK3N0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free, and allows you to read two articles a month: https://hubs.li/Q030MHhL0

🚀🌎 Infocredit Group & LexisNexis® WorldCompliance™: Powering North American Compliance 🌎🚀 Exciting news for North American professionals! Infocredit Group has teamed up with LexisNexis Risk Solutions, bringing the formidable LexisNexis® WorldCompliance™ Online Search Tool to the forefront of risk management and compliance. Why It's a Game Changer: Extensive Database: Access over 4 million profiles across 50+ risk categories. Global Intelligence, Local Insight: Financial insights from 30,000+ sources, tailored for the North American market. Compliance Made Easy: Adherence to critical laws like the USA Patriot Act, ensuring your operations are fully compliant. Streamlined Efficiency: A user-friendly, web-based platform means no installation hassles, just instant access to vital information. This strategic alliance is designed to give your business the edge in navigating the complex landscape of financial security and compliance. With LexisNexis® WorldCompliance™, you're not just managing risk; you're mastering it. Elevate your compliance strategy with Infocredit Group and LexisNexis Risk Solutions. Stay ahead, stay informed, and ensure your business thrives in the competitive North American market. #RiskManagement #FinancialIntelligence #Compliance #LexisNexisRiskSolutions #NorthAmerica https://lnkd.in/dkTpV3eV

🚪 Beyond the Open Door: Modernizing Compliance Reporting 👨💻 🗣 Is your 'open door' policy enough for effective compliance reporting? As organizations grow, structured mechanisms become crucial. 🔍 🛠 Evolve your reporting strategy: - Diversify reporting routes (formal, anonymous, real-time) - Integrate reporting tools with your GRC ecosystem - Regularly survey trust in reporting mechanisms - Use exit interviews to uncover reporting blindspots - Emphasize the benefits of early 'molehill' reporting A recent study by the Association of Certified Fraud Examiners (ACFE) found that organisations with multiple reporting channels detect fraud 50% faster than those with limited options, potentially saving millions in losses. 💰 💰 💰 What challenges have you faced in moving beyond the 'open door'? 📣 👇 💪 #ComplianceReporting #RiskManagement #SpeakUpCulture #TheGRCAcidTest

We surveyed executives at North American and European financial institutions on their real-world experiences with reporting and managing cyberrisk. They provided us with useful information. They claimed that reliable information is the only way for cyberrisk management to be successful. However, many businesses' cyberrisk reporting is insufficient, leaving executives without the information they require to decide on appropriate countermeasures. Managers frequently apply a uniform set of controls to all corporate assets due to knowledge shortages. Consequently, vital assets may remain dangerously exposed while low-priority assets may be overprotected.