The Treasury Department continues to investigate sanctions violations by crypto exchange companies in whether their crypto exchange allows users in sanctioned countries to buy and sell digital tokens. For example, The Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 as reported by NY Times. It appears that Kraken would be … Read more
In March of this year, the Securities and Exchange Commission (SEC) proposed a set of rules and amendments that the agency expects will strengthen the financial sector’s defense against cyberattacks. They seek to standardize disclosures and admissions of material cybersecurity incidents and improve visibility into a company’s cybersecurity risk management and governance policies to better inform investors. … Read more
Vendor Risk Management (VRM), Third-Party Risk Management (TPRM), and Supplier Risk Management (SRM) are programs that companies employ to assess their relationships with third parties or suppliers for potential risk. The most common types of risk a company will want to evaluate for are regulatory, operational, financial and reputational. The purpose and function of VRM, TPRM and SRM are similar: the core process is to identify, assess, monitor and mitigate risk. The slight variations between each program depend on your company’s … Read more
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