Compliance Perspectives: Compliance’s Role in Vendor Contracts
Day 17 of One Month to More Effective Compliance for Business Ventures- Corporate Controller and Business Ventures
It’s no longer good enough for your business to have a reactive approach to consumer privacy – you need a proactive strategy to manage compliance, foster consumer trust, and stay competitive in this modern era. While many...more
Government entities are subject to strict regulation and reporting requirements when contracting with vendors. Florida statutes often require affidavits from vendors as a condition precedent to contracting with government...more
Since the release of OpenAI’s ChatGPT, the intense hype around large language models (LLMs) and complex AI systems has exploded. Organizations have rushed to both try and buy these new tools. Along with it, a flood of...more
Tech Vendors and Cybersecurity – Are They Responsible? It has long been recommended that when you contract with a technology vendor that you include an indemnity clause in the contract wherein the vendor will indemnify you...more
It has long been recommended that when you contract with a technology vendor that you include an indemnity clause in the contract wherein the vendor will indemnify you if its product is compromised and results in a data...more
CEP Magazine – April 2022 - As the entire industry is facing the shift to a more formalized reporting system for environmental, social, and governance (ESG) programs, the most important components of the programs can no...more
As the BakerHostetler Digital Risk Advisory and Cybersecurity team wraps up the 2022 edition of annual Data Security Incident Response (DSIR) Report, we take one last look at the findings in the 2021 edition of the report to...more
Pennsylvania Governor Tom Wolf announced this week that the Commonwealth will not continue to do business with its contact tracing vendor following a security incident that potentially exposed the personal information of...more
In cloud services, whether it is infrastructure as a service (IaaS), platform as a service (PaaS), or software as a service (SaaS), service availability is often a significant customer concern because the customer is relying...more
Effective as of January 1, 2020, the California Consumer Privacy Act (CCPA) gives broad rights to people on their personal data in the custody of companies. This focus on data rights significantly raises the compliance burden...more
These days compliance teams play a large role in vetting third parties, especially in high-risk countries and business areas such as sales consultants. But after the vendor is cleared and it’s time to write up the contract,...more
This presentation will cover what you need to know to avoid unnecessary legal risk and imbalanced risk allocation. A concise look at the latest trends, key provisions, and common tricks in commercial contracts, as well as a...more
On November 16, 2018, the Office of the Inspector General of the Department of Health and Human Services (OIG) posted an unfavorable Advisory Opinion No. 18-14 regarding an arrangement where a vendor (Requestor) of a commonly...more
“AI will most likely lead to the end of the world, but in the meantime, there’ll be great companies.” –Sam Altman - Artificial intelligence (AI) is a controversial topic. It is easy to imagine a near future where AI solves...more
This summer, several automakers, including Tesla, Toyota, General Motors, Ford, and Volkswagen learned that their closely held trade secrets were readily available on the internet. The source? An unprotected back-up server....more
The case of Rearden LLC et al. v. The Walt Disney Company et al., Nos. 3:17-cv-04006, 04191 & 04192 (N.D. Cal.), has been covered more in the Hollywood Reporter than in legal publications, but it is both a “Hollywood story”...more
Migrating applications and workloads to a cloud provider has obvious benefits—scalability, flexibility, efficiency, and cost considerations are all driving the dramatic increase in the use of cloud services. However, as...more
On July 29, 2015, the Office of the Inspector General for the Department of Defense published on its website new “Contract Audit Fraud Scenario and Indicators for Material Pricing Deficiencies in a Postaward Audit.” While...more
Are you bored? Is your bank running too smoothly? Do you miss those long, loud and involved conversations with your examiners, superiors or shareholders? If so, then screwing up vendor management may be right for you. Below...more