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Risk Bites
Managing social media risks starts with good social media
Risk Assurance governance
Mainland china &
Hong Kong Jennifer Ho, Risk Assurance China South Leader

Issue No.9 The explosion of social media is revolutionising the way people communicate and interact with
each other. Getting a handle of social media may seem like a daunting task for companies.
Whether you are a small company or a large multi-national company operating across the
globe, you need to rethink about risk management and compliance when it comes to social
media. Traditional risk management processes and measures are not designed to cope with the
mega amount of data, chats and blogs.
Click here to read her full article on LinkedIn

China Cybersecurity Law – Measures for Security Reviews

of Network Products and Services
CY Cheung, Risk Assurance Cybersecurity & Fintech Partner
To further Measures for Security Reviews of Network Products and Services (Trial) (the
Measures) was published by Cyberspace Administration of China (CAC) on May 2 2017,
specifying the details of the security review of network product and service. It impacts not only
the providers of the network products and services, but also the Critical Information
Infrastructure Operators (CIIOs) who purchase the network products and services which may
impact the national security. This trial version will be effective from June 1 2017, which is the
same day of the enforcement of China Cybersecurity Law (CSL).
Click here to read his full article on LinkedIn

How can auditors leverage big data to enhance our value

propositions in China?
Jasper Xu, Risk Assurance Internal Audit Service Lead Partner
Our State of the Internal Audit Profession study uncovered two key traits that enable Agile IA
Functions to lead in disruptive environments – Preparedness and Adaptiveness. Agile IA
Functions are forward-looking and able to identify emerging disruptions and associated
business needs. They collaborate with other lines of defense in a unified and integrated manner
and make decisions mutually supported by others in the organization. Our study revealed that
47 percent of Agile IA Functions have increased the use of data mining and data analytics for
continuous auditing/monitoring of trends and potential impacts of disruption, compared to 35
percent of peers. But the question usually comes – how?
Click here to read his full article on LinkedIn

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