True Office Learning Blog

Compliance officers are tasked with multiple competing priorities, not least of which is the overall management of an organization’s compliance program. Training of employees and third parties is an essential element of any corporate compliance program and a critical component of the compliance officer’s job. 

It’s impossible to ignore the growing influence of artificial intelligence (AI) on our personal and work lives. In fact, 20 percent of C-level executives attest to using machine learning as a core part of their business. 

However, with increasing capabilities comes more exposure to corporate compliance risks. As AI becomes more woven into daily work, it opens new ethical and legal concerns. In order to avoid compliance violations, there are ethical considerations corporations must actively work into their increasingly automated worlds. 

Security awareness training is important, but it doesn’t eliminate cyber risk. In fact, when organizations only implement security awareness training and nothing else, it can potentially lead to internal mishaps and security catastrophes. After all, 77 percent of last year’s data breaches involved company insiders. 

Verizon recently published the 2019 Data Breach Investigations Report (DBIR). The DBIR is a respected source for insights on on cyberthreats plaguing businesses. This latest version of the report is the most comprehensive to date, using data provided by 73 sources from 86 countries, including 41,686 reported security incidents and 2,013 data breaches.

Survey after survey has shown that company insiders, such as employees or vendors, can pose a significant risk to a company’s ability to protect its trade secrets—whether the insider acts with or without malicious intent—the question for many companies becomes: what should I do to minimize this risk?