Impending IFRS 17 regulation will overhaul accounting standards for insurers, primarily in the European Union, Asia, Latin America and Canada. Greater detail, transparency and comparability will give analysts and investors more insight into a company’s financial health than ever before.
For most insurers, the transition to IFRS 17 will have a visible impact on financial statements and key performance indicators – and not in a good way. Implementing the IT architecture for it will be a serious undertaking.
This white paper explains why insurers should be taking action now to prepare for the new requirements, and what to look for in an IFRS 17 solution.
Published By: Mimecast
Published Date: Jan 11, 2017
Organizations that work with the personal data of European Union residents need to overhaul business processes to avoid the risks of violating the General Data Protection Regulation, which takes effect in May 2018. Penalties for non-compliance could cost your organization upwards of €20 million or 4% of total annual worldwide revenue, whichever is higher.
Mimecast provides numerous ways to help simplify GDPR compliance. Learn how Mimecast Targeted Threat Protection helps ward against impersonation attacks, weaponized attachments, and malicious URLs – offering a comprehensive front-line defense for the personal data entrusted to you when it is attacked via the email vector.
The General Data Protection Regulation – or GDPR – is a European
Union (EU) law that protects the rights of individuals with respect to
their data. Adopted as an EU law in April 2016, organizations that hold
data about any resident of the EU must be compliant by May 2018.
With attention-grabbing fines of €20 million or 4% of global annual
turnover, GDPR commands attention at the highest levels. And despite
the “legalese” that compliance suggests brands utilize, the brands that
balance legal compliance with a human approach will turn GDPR to
This white paper provides a series of actions you can take to make
the most of GDPR to both enhance your customer relationships and
Each year, a total of 180,000 IT service tickets are created and processed. These include requests and incidents of all kinds, such as the provision of the flight information displays, an employee request for a laptop, through to IT equipment for an airline customer.
The Airport’s IT team therefore decided to undertake a complex and ambitious project, entitled “ITSM 2020,” which aimed to
establish a uniform and future-oriented IT service management system that would effectively and efficiently serve all areas of
Munich Airport evaluated various bidders in a two stage process
conducted on the basis of the European Union tendering
procedures. Cherwell was able to hold its own against other
ITSM solutions both technically and in terms of price.
As every business decision-maker should now know, the E.U. General Data Protection Regulation (GDPR) enforcement date is coming. The GDPR will be enforced starting May 2018 and will apply to those collecting, storing or using the personal data of the residents of the European Union’s 28 member states. The Regulation changes requirements around protecting the personally identifiable information of over 500 million people, and occupies the minds of anyone around the world concerned with data protection.
To better understand data decision-making, McAfee® commissioned Vanson Bourne to survey the views of 800 senior business professionals across eight countries around the world from a range of industry sectors.
All enterprises dealing with private data in test environments should mask or generate test data to comply with regulations such as Payment Card Industry (PCI), the Health Insurance Portability and Accountability Act (HIPAA), Sarbanes-Oxley (SOX), and European Union (EU) as well as to protect against internal and external attacks.
Protecting individual and financial data, retaining data, and meeting e-discovery requirements are common compliance requirements across geographies and industries. Finding accurate, usable, and cost-effective solutions for meeting these requirements can make the difference between achieving compliance goals or leaving the organization vulnerable through unsecured use of sensitive data. Trend Micro Data Protection solutions for endpoint data leak protection, email encryption, and email archiving help organizations meet their compliance requirements – easily and cost-effectively.
Workforce analytics is a very significant development in human
resources. It promises the potential for deeper understanding
of the ways workers contribute to organizational performance.
However, workforce analytics is not just about analyzing data
to reveal exciting insights; it also requires the active
involvement of a firm’s workers if the potential of analytics is
to be fully realized. Without active employee participation,
workforce analytics efforts face at best, restricted data sources
and data sets that are incomplete and at worst, the risk of
damaging employee relations and, ultimately, productivity.
This white paper summarizes recommendations that will
encourage enthusiasm for workforce analytics and active
employee participation, using the FORT (Feedback, Opt-in,
Reciprocal, Transparent) framework. The FORT criteria could
prove particularly useful in European countries. This is
because the 1995 European Union Data Protection Directive,
along with certain local legislative pr
The General Data Protection Regulation (GDPR) has been approved by the European Union and demands significant data protection safeguards to be implemented by organizations around the world. Learn how you can successfully prepare for GDPR with advice from Osterman Research.
With cybercriminals threatening nations globally, cybersecurity is taking a front seat in many regions. Most notably, the European Union (EU) has adopted regulations to combat the threats. Against the backdrop of increasingly sophisticated cyberattacks, the EU has set forth rules and procedures for enhanced cybersecurity, along with penalties for noncompliance, in the form of the General Data Protection Regulation (GDPR). This new body of mandated policies and procedures aims to protect EU member personal information collected and/or stored by organizations. Read more in the GDPR business brief.
Tax evasion is the largest economic crime in the world (in terms of monetary loss), costing trillions of dollars to governments around the globe. A 2011 study by The Tax Justice Network estimates that on a global scale, total tax evasion is in excess of US$3.1 trillion, or about 5.1% of world GDP.1 And that’s just the known tax evasion and noncompliance; it doesn’t include the underground economy and cash businesses.
The per-capita figure is similar in Canada, representing about $45 billion a year. The European Union loses an estimated €200 billion in value-added tax alone, not including corporate or excise taxes. Tax evasion represents 4 to 5 percent of gross domestic product in Sweden and Japan.
Published By: Symantec
Published Date: Jun 13, 2018
The General Data Protection Regulation (GDPR) takes effect May25, 2018. If you process European Union (EU) personal data, GDPR likely applies to you—even if you’re not in the EU. That’s because the regulation is truly global in scope and applies to any organization that processes EU personal data, irrespective of where the companies are based or where the data is processed.
At its heart, the GDPR legislation is about ensuring privacy is respected as a fundamental right and that personal data is kept private and secure. Elizabeth Denham, of the EU Information Commissioner Office (ICO), says “This law is not about fines. It’s about putting the consumer and citizen first” and “Issuing fines has always been and will continue to be, a last resort.”
However, it’s important to note the costs of noncompliance can be severe. These can include a fine of up to 4 percent of global turnover (revenues) or €20m, whichever is higher; a temporary or permanent suspension of the right to access or proce
There’s no getting around it. Passed in May 2016, the European Union (EU) General Data Protection Regulation (GDPR) replaces the minimum standards of the Data Protection Directive, a 21-year-old system that allowed the 28 EU member states to set their own data privacy and security rules relating to the information of EU subjects. Under the earlier directive, the force and power of the laws varied across the continent. Not so after GDPR went into effect May 25, 2018.
Under GDPR, organizations are subject to new, uniform data protection requirements—or could potentially face hefty fines. So what factors played into GDPR’s passage?
• Changes in users and data. The number, types and actions of users are constantly increasing. The same is true with data. The types and amount of information organizations collect and store is skyrocketing. Critical information should be protected, but often it’s unknown where the data resides, who can access it, when they can access it or what happens once
Data—dynamic, in demand and distributed—is challenging to
secure. But you need to protect sensitive data, whether it’s stored
on-premises, off-site, or in big-data, private- or hybrid-cloud
environments. Protecting sensitive data can take many forms, but
nearly any organization needs to keep its data accessible, protect
data from loss or compromise, and comply with a raft of regulations
and mandates. These can include the Payment Card Industry Data
Security Standard (PCI DSS), the Health Insurance Portability and
Accountability Act of 1996 (HIPAA) and the European Union (EU)
General Data Protection Regulation (GDPR). Even in the cloud, where
you may have less immediate control, you must still control your
sensitive data—and compliance mandates still apply.
Compliance doesn’t have to be a scary word – even when facing the multifaceted challenges of meeting the European Union’s May 2018 deadline for its General Data Protection Regulation (GDPR).
SAS conducted a global GDPR survey among 340 business executives from multiple industries. Based on the results of that survey, this e-book delves into the biggest opportunities and challenges organizations face on the road to GDPR compliance.
Read this e-book to learn:
How to get started on the best path to compliance, based on advice from industry experts.
How to turn this compliance challenge into a competitive advantage.
How your peers are preparing across a variety of industries.
An end-to-end approach that can help guide your journey to GDPR compliance.
When the General Data Protection Regulation (GDPR) replaces the European Union’s Data Protection Directive 95/46/ec on May 25, 2018, businesses across the globe will be subject to a wealth of potential fees and penalties for non-compliance.
In today's complex global life sciences marketplace, the ability to manage product information is a daunting task. The ability to ensure greater control over this critical product information has led to the development of a standard for product information throughout the European Union. If your company as not begun to think about PIM, now is the time, download this white paper immediately.
Published By: ProofSpace
Published Date: Sep 10, 2007
Read this paper and learn the principles that are prerequisites to enforceable electronic agreements as required by existing legal standards and electronic signature legislation. This paper will also specify sixteen measurement criteria that can be used as metrics to assess whether the architecture of an electronic transaction will meet the requirements of admissibility.
Reasonable, common-sense security standards are becoming law in many regions of the world. In Europe, the General Data Protection Regulation (GDPR), enacted in April 2016, will become fully applicable on May 25, 2018. GDPR will bring the European Union (EU) under one comprehensive and harmonised legal system for data protection and privacy. The monetary penalties and reputational damage of noncompliance with GDPR are substantial – the maximum fines are the greater of 20 million euros or 4% of the company’s worldwide revenue.
"The General Data Protection Regulation (GDPR) is one example of the evolving regulatory landscape in the digital age. Since the European Union (EU) adopted the regulation in 2016, DocuSign has been investing to be compliant across its entire business, building upon our foundation and history of commitment to privacy.
The conception of the GDPR undoubtedly introduced a number of compliance challenges for businesses to address around data privacy and protection. It also presented an opportunity for businesses to build trust with their stakeholders by reconnecting with the people they serve.
This eBook details DocuSign’s approach to meeting GDPR’s obligations that went into effect on 25th May 2018, for companies conducting business in the EU, and the features and benefits that can be gained from using the DocuSign solution to fulfil certain areas of the GDPR."
The “Future of Identity” infographic provides highlights and surprising statistics from the "Future of Identity" study that revealed global and generational preferences and concerns on emergent sign-on methods. 3,997 respondents from the United States, European Union, and Asia Pacific regions weighed in.
Credit Union Times is the nation's leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.