Mastering MNPI governance for financial resilience.
As a CFO and CISO of a public company, it is imperative to understand the critical nature of protecting Material Non-Public Information (MNPI). The consequences of a data breach involving MNPI can be severe, both financially and reputationally, and can result in significant regulatory fines.
The regulatory implications for protecting MNPI are significant, with laws such as SEC’s Regulation Fair Disclosure (Reg FD) and SEC Rule 10b5-1 and the Sarbanes-Oxley Act requiring companies to take appropriate measures to protect this sensitive information. Cyber criminals often use MNPI for various forms of cybercrime, such as insider trading or identity theft, and the impact of such activities can be devastating.
classify inventory of MNPI based on associated risks and impact on the enterprise.
storing, accessing and transferring MNPI in an enterprise environment. This includes training employees, contractors and third parties on information barriers, ‘need to know’ criteria and due diligence
partnership with the CFO organization to ensure end-to-end holistic MNPI risk management and surveillance processes across business units.
Prevent disruptions to the company’s market value and safeguard the interests of its stakeholders by securing MNPI at the enterprise level and across business units.
An integrated MNPI governance program will reduce exposure to regulatory fines, and an improved security posture will lead to better premiums for cyber insurance.
Misuse of MNPI for corporate espionage is not uncommon. Sustained MNPI governance will retain the trust of stakeholders, board members, and customers and prevent reputational damage.
BluOcean tackles the MNPI governance challenge with a unique blend of collaboration and expertise. Our approach combines the strategic insights of the CISO and CFO to establish robust policies, controls, and training programs that safeguard sensitive information, minimize risks, and ensure regulatory compliance.
By joining forces, we deliver comprehensive MNPI governance that shields your organization from financial, reputational, and cybersecurity risks—trust BluOcean to provide tailored guidance and unwavering support for sustained MNPI protection.
BluOcean’s MNPI Governance Framework empowers CFOs and CISOs with a collaborative approach to achieve holistic MNPI protection. This framework defines strategic actions for both roles, fostering joint ownership and execution. It focuses on pivotal outcomes, including materiality definition, identification of critical information, adherence to SEC regulations, and fortification against external threats.
The framework prioritizes training and education for the board, employees, and contractors. Implementing consistent policies, standards, blackout periods, and essential processes establishes a sustainable approach to MNPI governance and unwavering protection. Unleash the power of collaboration with the BluOcean MNPI Governance Framework and safeguard your organization’s most sensitive information.
Defining materiality for MNPI can be challenging as it requires aligning on the criteria that determine its significance. CFOs and CISOs often face difficulties in establishing a common understanding and consensus within their organizations. At BluOcean we bring our predefined toolkit of materiality and other industry examples from peers and companies to help CFO and CISO define and establish materiality criterian.
BluOcean helps CFOs and CISOs overcome this challenge by providing guidance and facilitating collaborative discussions to establish a shared understanding of materiality. Our consultants leverage industry best practices and regulatory insights to assist in defining materiality criteria that align with your organization’s unique risk profile and regulatory requirements.
BluOcean helps CFOs and CISOs adapt to evolving regulatory requirements by providing continuous support and guidance. We stay abreast of regulatory changes and industry trends, ensuring your MNPI governance program remains up-to-date and compliant. Our consultants assist in conducting regular assessments, reviewing policies and procedures, and implementing necessary updates to align with changing regulatory landscapes, enabling you to maintain a sustainable and effective MNPI governance program.
Identifying and classifying MNPI across the organization can be a complex task. Challenges may include fragmented data sources, inconsistent classification practices, and a lack of visibility into sensitive information. BluOcean Consulting offers expertise in data discovery and classification techniques, leveraging advanced technologies to streamline the identification and classification process and ensure comprehensive coverage.
BluOcean assists CFOs and CISOs in establishing robust controls and processes for effective MNPI protection. Our approach involves designing tailored control frameworks based on SEC regulatory requirements of Reg-FD and SEC 10B 5-1, implementing access controls and encryption mechanisms, and integrating data loss prevention solutions. We work closely with your organization to develop policies and procedures that align with regulatory requirements and industry best practices, ensuring comprehensive protection of MNPI.
Fostering cross-functional collaboration between CFOs and CISOs can be challenging due to differing priorities, communication gaps, and siloed approaches. BluOcean facilitates collaboration by providing structured frameworks and methodologies that encourage joint ownership and collaboration. We facilitate effective communication channels, promote shared understanding, and establish governance structures that facilitate cross-functional collaboration.
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