DOJ and SEC statements driving CCO concerns over changes in compliance regulations and scrutiny
April 18, 2016
Eighty-one percent of compliance officers have increased apprehension when it comes to their personal liability in situations of corporate misconduct, according to a new survey released by lawfirm DLA Piper. This uneasy adjustment stems from shifts in tone from Washington, DC, including the appointment of Hui Chen as the Justice Department’s first compliance counsel, and the release of the Yates Memo outlining a plan to prosecute individual corporate employees and incentivize reforms, according to the 2016 Compliance Risk Report: CCOs Under Scrutiny.
Heartland Payment Systems announced it has worked with the Smart Card Alliance to launch the National Center for Advanced Payments and Identity Security, a new training facility hosted by the Alliance.
With acceptance of mobile and other new forms of payments expected to double in the next two years, a new global study shows a critical need for organizations to improve their payment data security practices.
GEICO has become the first insurer in New York State to complete the certification process through the DMV to allow customers to begin using electronic ID cards on their smart phones and electronic devices.