As COVID-19 continues to spread, cybercriminals have used a variety of tactics to exploit the widespread fear of infection and hunger for news and/or protective merchandise. Cyberfraud is prevalent and will only increase as more and more business is conducted online. Billions are lost each year as a consequence. As an international finance and banking … More COVID-19: Cybercriminals capitalize on global fears
Global companies have to be predictive and proactive in their decision-making to preserve business continuity and build enterprise resilience. As companies navigate the ongoing COVID-19 crisis, there are a number of key issues corporate leaders should be thinking about, as well as steps they can take to not only react to severe business shocks now … More COVID-19: Five ways to maintain continuity and reshape for resilience
In today’s environment, it appears that the only certainty is uncertainty. The latest EY Capital Confidence Barometer finds executives dealing with numerous interconnected challenges and proactively managing them. The strategic objective is clear — finding growth. But geopolitical risks, the recasting of trade and tariff rules, zigzagging monetary policy, technology and innovation, as well as … More Global Capital Confidence Barometer – 21st Edition
EY’s Europe Attractiveness Survey 2019 finds foreign direct investment into Europe declined in 2018 – but a strengthened skills base and infrastructure, especially in digital, will keep it ahead of the game. Although Europe fares well compared with other regions, appetite to invest there has dropped to a seven-year low. A cocktail of economic and … More EY Attractiveness Survey Europe – June 2019
An interview with Cornelius Grossmann, EY Global Law Leader, and Eric Laughlin, EY Global Legal Managed Services Leader, addressing the use of alternative legal service providers (ALSPs) and new operating models legal departments are considering. Both the EY Law practices and Thomson Reuters Legal Managed Services, prior to its acquisition, conducted surveys that included how … More Why alternative legal service providers are on the rise
According to the EY Global Corporate Divestment Study, the intent to divest remains at record levels – 84% of companies plan to divest within the next two years, consistent with last year’s record of 87%. At the same time, 63% admit they have held onto some assets for too long when they should have been divested. … More Transaction analytics can reveal insights across the divestment life cycle
Big Tech critics are calling for a more rigorous enforcement of competition rules when reviewing platform mergers. In response, European Commission officials seem to be keen to define new legal tests, analytical methods and possibilities for reinterpreting existing rules to review platform mergers. The European Commission’s Chief Competition Economist in a recent presentation specifically referred … More Platform mergers: Getting the deal through
The latest EY Global Information Security Survey reveals that only 65% of organizations believe they have cyber insurance that meets their needs. Two recent, significant, legal actions indicate that as cyber threats and their associated risks increase, even the remaining 35% of organizations may not be adequately covered by insurance. The two cases raise a … More Legal challenges are shaping cyber insurance discussions
In the context of a transaction, it is common to focus due diligence on areas such as tax, employment and real estate. Devices enabling connectivity and the adoption of digital technologies (robotic process automation, artificial intelligence, etc.) have increased companies’ vulnerability to a security breach. The connected ecosystem, together with growing regulatory scrutiny of data … More Buyer beware. Cybersecurity due diligence for transactions
As technology transforms risk management, financial institutions face both opportunities and threats. Digital processes have the potential to make compliance more effective and efficient but, for many organizations, major technology improvements are stymied by cost and talent constraints. The use of compliance-led shared services models is helping overcome these issues, but a series of major … More Technology transforms risk management for financial institutions
