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Reality bites: third party risk in Latin America

CategoryLatin American Cafe
Date 07 11 2017
Place Diaz, Reus & Targ Miami Tower 100 S.E. Second Street Suite 3400 Miami

7 November 2017, Miami

Actions by third parties remain one of the greatest sources of corruption risk for U.S. companies operating in Latin America. A company seeking best value in compliance spending would be well-advised to focus on third party risk

John Chambers, former CEO of Cisco, is quoted as having said “there are two types of companies: those that have been hacked, and those who don’t know they have been hacked.”
What happens when you learn about a damaging security breach in one of your organization´s subsidiaries through a news alert on Twitter? And what if millions of dollars have vanished from your accounts? And within minutes your company´s reputation and even your own name are dragged through the mud via social media and the news?
When doing business in Latin America, investors and business leaders are always aware of a number of risks--including changes in the political and business climate, corruption, personal security, and social unrest. The opportunities for companies are clear, but studies show many organizations are not ready for the unknown and might fall victim to online scams and other breaches.
This session will present a hypothetical case involving a multinational facing an unprecedented crisis and threats on several fronts and in multiple jurisdictions after a highly damaging security breach. The aim is to provide a set of tools for in house counsel, business leaders and compliance officers so they will be prepared to assess and act effectively when challenges arise.

To register please email rebecka.larsson@iberianlegalgroup.com

                                                         

 
 

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