2016 Issue No.7
In this latest Risk Bites issue, we look into the importance of upgrading cyber security assessment and how cloud computing and Big Data Analysis will promote enterprise transformation. For financial institutions, we point out the need of developing and implementing an effective Know Your Customer "KYC" governance model. For smart device manufacturers, we highlight on areas to take note in the age of artificial intelligence. In terms of regulatory, there are two upcoming revisions: (1) ISO 37001 - Anti-bribery management systems to tackle bribery and (2) CAS22 to be released on 1 January 2018 will have a significant impact on banking industry.