Vendor master file blunders caused a $2.7M loss for a company whose insurer refused to cover most of the loss. At the root of the loss was the company's inadequate response to a phishing email. A few simple best practices could have prevented the loss.
Finance and Accounting
Given the move to more permanent work from home (WFH) arrangements by some dealer firms, the Investment Industry Regulatory Organization of Canada (IIROC) recently published Guidance on WFH arrangements.
I have been talking (and writing) for a long time about the sad reality that leaders of organizations around the world see risk management as something they have to do rather than want to do.