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The Uyghur Forced Labour Prevention Act (“UFLPA”) went into effect on June 21, 2022. The United States has long prohibited the importation of goods made with forced labour. The UFLPA both strengthens and changes the way that the United States enforces this prohibition.
The Act has a presumption of forced labour rebuttal, meaning, it is presumed unless clear and convincing evidence is provided to the contrary. In pursuit of enforcement the U.S. Customs and Border Protection (“CBP”) may detain, seize, or exclude goods from importation into the US, and may issue civil penalties for companies found to be wilfully non-compliant with the UFLPA
It is critical that companies have their supply chains well documented to ensure there are no supply chain links relating to the UFLPA. Download and use this checklist to help implement your response to UFLPA
How secure is your business?
Download our comprehensive risk assessment to evaluate how safe your organisation is within the cyber space.
Our experts will be able to score your security status and offer solutions to help safeguard your organisation.
Data Risk in the Third-Party Ecosystem: Third Annual Study independently conducted by Ponemon Institute LLC and sponsored by Opus.
Understand the challenges companies face in protecting sensitive and confidential information shared with third parties and their third parties (Nth party risk). The mitigation of third-party risk has become even more important because of the EU’s General Data Protection Regulation that went into effect May 25, 2018 and the recently updated California Privacy Act.
The Ponemon Institute define the third-party ecosystem as the many direct and indirect relationships companies have with third parties and Nth parties. These relationships are important to fulfilling business
functions or operations. However, the research underscores the difficulty companies have in detecting, mitigating and minimizing risks associated with third parties that have access to their sensitive or confidential information.
The results of the study are based on a survey of more than 1,000 IT and IT security practitioners in the US and UK who are directly familiar with their organizations’ approach to managing data risks created through outsourcing and who are involved in managing these risks. Unless otherwise noted, the report presents the combined the US and UK findings.
Paying employees worldwide will mean compliance with the European Union’s General Data Protection Regulation (GDPR) is a legally-mandated must. Managing Third-Party Vendors and the increased risk to your business continuity will mean you not only need to, but will want to be on top of external risks to give you peace of mind.
P3 appreciate that managing third-party risk (TPRM) can be both a grind and costly if not managed expertly to be effective and efficient.
P3 offers free guidelines and checklists for those who want to manage the process themselves. We also offer a support desk for those who simply need guidance, and a fully managed service for those organisations that need it.
An organisation’s continuity capability cannot be considered reliable or effective until it has been tested. No matter how well designed a business continuity solution or plan appears to be, realistic exercises should be used to help identify issues and validate assumptions that may require attention. The goal of exercising and testing is the continuous improvement of business continuity management capabilities and readiness by ensuring lessons learns are integrated into prevention, mitigation, planning, training, and future exercising and testing activities.
Validation / Testing is the Professional Practice within the business continuity management lifecycle that confirms that the business continuity programme meets the objectives set in the policy and that the plans and procedures in place are effective
The purpose of Testing / Validation is to ensure that the business continuity solutions and response structure reflects the size, complexity, and type of the organisation and that the plans are current, accurate, effective, and complete. There should be a process in place to continuedly improve the overall level of organisational resilience.
An organisation’s continuity capability cannot be considered reliable or effective until it has been tested. No matter how well designed a business continuity solution or plan appears to be, realistic exercises should be used to help identify issues and validate assumptions that may require attention. The goal of exercising and testing is the continuous improvement of business continuity management capabilities and readiness by ensuring lessons learns are integrated into prevention, mitigation, planning, training, and future exercising and testing activities.
A easy to understand presentation of the findings of the survey Data Risk in the Third-Party Ecosystem: Third Annual Study, sponsored by Opus, which helps understand the challenges companies face in protecting sensitive and confidential information shared with third parties and their third parties (Nth party risk).
The mitigation of third-party risk has become even more important because of the EU’s General Data Protection Regulation that went into effect May 25, 2018 and the California Privacy Act.
The third-party ecosystem is defined as the many direct and indirect relationships companies have with third parties and Nth parties. These relationships are important to fulfilling business functions or operations.
However, the research underscores the difficulty companies have in detecting, mitigating and minimizing risks associated with third parties that have access to their sensitive or confidential information. The results of the study are based on a survey of more than 1,000 IT and IT security practitioners in the US and UK who are directly familiar with their organizations’ approach to managing data risks created through outsourcing and who are involved in managing these risks..
The Business Continuity Plan, or BCP, is the document by which you manage your organisation after a critical loss of functions, resources or personnel. You hope you don’t need it, but without it, your organisation may never recover from disaster.
P3 Audit do not analyse, design or implement Business Continuity Plans, but test each element of these plans critical to building business resilience. P3 Audit partner with the most trusted professional consultancies.
Auditing is designed to verify that the business continuity process has been followed correctly, not that the solutions adopted are necessarily correct.
Audits should be conducted at planned intervals to confirm that the organisation is conforming with its own business continuity policy and as a third party service provider does not compromise the business continuity programs of their key stake holders including customers.
The Cyber Security Breaches Survey 2021 conducted by the UK Government in collaboration with Ipsos MORI.
In an annual survey conducted by the UK Government, the survey aims to measure how UK organisations approach Cyber Security, and the influence of breaches and attacks. Over the course of 3 months, more than 1,419 businesses were contacted with 654 identifying a breach or attack had taken place in past year.
In summary, respondents displayed a variety of responses to the challenges of maintaining cyber security post-Covid, from those that have attempted to bury their heads in the sand to cyber-mature organisations that have maintained their commitment and experimented with new ways to increase security.
Of the organisations surveyed, only 15% carried out cybersecurity vulnerability audits and 12% proactively review cybersecurity risk posed by third-party service providers (suppliers).
Technology is enabling far greater and affordable protection and this is true to testing process and certification compliance.
This guide aims to inform the accountable solution/system administrator in setting up the various record functions, company and process structures, and managing the ongoing addition, amendment and completion/deletion of all functions and vendor relationships
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