Entries by Aris Seimnidis

Oxial: risk management during the coronavirus crisis

As a global business, with customers and partners all over the world, we wanted to address the main topic on the minds of individuals and businesses right now – coronavirus.

Oxial is a company that has always been supportive of flexible working. Our employees can work just as effectively from other locations as they can from the office and in accordance with government stipulations and World Health Organization guidelines, all Oxial employees are now working from home.

Cathay Pacific data breach fine highlights why businesses must take data security seriously

Data security is something that most organisations would claim publicly to take extremely seriously. New regulation such as the European Union’s (EU) General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) have helped ensure that customer data privacy and security are higher on the corporate agenda than ever.

Organisations have seen the size of the fines for non-compliance with GDPR (and the size of the companies that are being fined) and also noted the potential size of CCPA fines for later in 2020. They are including such regulatory compliance in their operational risk management strategies and investing in risk management software to help mitigate this risk.