Glossary of Compliance
Compliance Glossary
Our list of curated compliance glossary offers everything you to know about compliance in one place.
Visa Information System
VIS is a central database with facial images and fingerprints (biometrics) of individuals applying for a limited-stay visa within the Schengen Area. Member States’ consular offices use these systems around the world and enable authorities to exchange visa information for limited-term stays in the Schengen countries.
Additional reading
Information Security vs Cyber Security: What’s the Difference, Why Does It Matter?
Do we have $10.5 trillion in our banks? To put it in perspective, that’s nearly 10% of the global GDP—or about 10% of the world’s financial reserves held in banks. That’s the projected number for the cost of cybercrime by 2025, a couple of months from the day of writing this article! The line between…
Enterprise Risk Management Strategy 101: How to Develop One
A 2022 survey on Enterprise Risk Oversight found that 60% of respondents believe the volume and complexity of risks have increased recently. However, only about a third of organizations have comprehensive Enterprise Risk Management (ERM) processes in place. This is largely because there are no clear, universal rules for implementing ERM. So, what is enterprise…
Relevance of IT Governance Principles In Today’s Day and Age.
On July 19, 2024, a critical incident in IT governance unfolded when CrowdStrike, a leading cybersecurity firm, released a faulty update for its Falcon Sensor software. This update triggered widespread system crashes and the infamous “Blue Screen of Death” on Windows machines across the globe. The impact had far-reaching consequences. It disrupted tech giants, air…
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