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Inside Internal Controls

News and discussion on implementing risk management

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Not–for–profits and charities: 4 New Year’s resolutions

Many people feel that New Year’s resolutions are passé, particularly since so many resolutions go unachieved each year. But, a resolution is essentially a plan to tackle something of importance, and planning is often half the battle. The following are 4 resolutions that can help strengthen charities and other not–for–profits in 2017.

 

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New anti-spam legislation could bolster Canadian privacy commissioner’s call for greater PIPEDA enforcement powers

Canada’s new anti-spam legislation comes into effect later this year, and it packs a punch—fines of up to $10 million per violation for companies and up to $1 million per violation for individuals. The government was clearly prepared to give regulators substantial teeth to both encourage compliance and punish non-compliance.

 

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The new fraud: where is it coming from and what does it mean?

Businesses can be the target of fraud in numerous ways and from numerous sources. Anyone who does business with an organization is an obvious risk—suppliers, clients, employees, executives—the high profile fraud cases of recent years have mainly been internal. But increasingly, fraudsters have no connection to the organizations they target. They may be after credit card numbers, personal information, cash or goods, and they’re using methods beyond the understanding of the average businessperson. Organizations that do a significant amount of business online must be particularly careful.

 

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Are all those log-in passwords worth your time?

I’m sure this news will come as a relief to many computer and Internet users out there: a recent study by a researcher at Microsoft has found that many IT security measures—those things we love to hate like having to change passwords every three months or having individual passwords for a dozen different work accounts—simply don’t provide good value for the time and effort they involve, not to mention the bad habits they often cause!

 

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