Press Releases

  • Dow Jones Risk & Compliance affirms data quality with fifth annual ISAE 3000 audit

    December 30, 2019
    LONDON [December 30, 2019] – Dow Jones Risk & Compliance’s sanctions platform and data set have been audited against the International Standard on Assurance Engagements (ISAE) 3000 for the fifth year running. The audit, performed by PricewaterhouseCoopers (PwC), assessed the design and operating effectiveness of the internal controls over the sanctions platform and data set operated by Dow Jones’ global research team. PwC assessed the controls over the monitoring, processing and updating of sanctions information, as well as company-level, technology and quality check controls. Developed by the International Auditing and Assurance Standards Board, ISAE 3000 is one of the most widely recognized standards used by accounting firms to independently assess a company’s report regarding its control environment. To coincide with the audit, Dow Jones has also released its annual 2019 Data Quality Report, which details how its data performs against quality benchmarks and the growth of its content and data sets over the past year. Highlights of Dow Jones’ 2019 Data Quality Report include: Secondary Identifiers: 98% of Dow Jones’ risk profiles have secondary identifiers, a critical measure of data accuracy. More than two thirds (67%) of those have two or more secondary identifiers. Accuracy: From June 18-June 19, Dow Jones maintained a content accuracy rate of 99.35%. Accuracy of Dow Jones’ profile names and alias data was 99.99% when compared against eight significant sanctions list groups. Quality Checks: Dow Jones performs 500 monthly quality checks on new and existing profiles. Timeliness: Dow Jones’ sanction alert feeds are updated up to every four hours. “In an era of misinformation, data quality has never been more important,” said Guy Harrison, General Manager of Dow Jones Risk & Compliance. “A huge amount of rigour goes into Dow Jones’ ability to filter tremendous volumes of news and information, so we can provide customers with the facts they need to manage risk and stay compliant. Our 2019 ISAE 3000 audit and Data Quality Report are testament to the world-class expertise of our research team and our commitment to providing the best data quality in the industry.” In the past year, Dow Jones’ Risk Database has grown to 3 million consolidated profiles, covering politically exposed persons, adverse media, state-owned companies, and sanctions lists. Its sanctions ownership coverage covers 40 sanctions programs, including more than 20,000 entities. The PwC report and Dow Jones’ 2019 Data Quality Report are available to customers upon request. Further detail on both reports is available here. ### About Dow Jones Risk & Compliance Dow Jones Risk & Compliance is a global provider of third-party risk management and regulatory compliance solutions. Working with clients across the globe, it delivers research tools and outsourced services for on-boarding, vetting and investigation to help companies comply with anti-money laundering, anti-bribery, corruption and economic sanctions regulation in mitigating third party risk. The Dow Jones Risk & Compliance business grew 25% year-on-year over the first quarter of fiscal 2020, and exceeded $130 million in revenues in fiscal 2019. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV). Media Contact Sophie Bent sophie.bent@dowjones.com
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  • A Note from Matt Murray

    December 11, 2019
    Dear All: In recent years The Wall Street Journal and Dow Jones have undertaken a number of important initiatives that have brought big changes and new talents to our newsroom, including the creation of the managing editor’s office, the revamped structure of the Pro team, the launch of Newswires Hubs in Barcelona and Singapore, the creation of the print desk and the upgrading of the visuals and video/audio teams. Significantly, we have done this while upping the reach and impact of our journalism and even as we have expanded into new platforms and formats—and as the number of subscribers has hit an all-time high. To keep growing, there is much more to do for us to become a fully successful digital news organization. As Will noted at the Dow Jones roadshows, for all the progress we have made, our digital products and experiences must improve substantially?to better serve our readers and ensure our future. And so today I am announcing several important steps to accelerate our digital development and place our digital products and experiences at the heart of the newsroom. Louise Story will take on an expanded remit and a newly created senior role as our Chief News Strategist and Chief Product & Technology Officer. Louise will oversee a newly structured, expanded department that will blend members of the strategy and audience teams she has assembled with the product/design/engineering team. She will co-report to me and to Dow Jones Group Chief Product and Technology Officer Ramin Beheshti. Please join us in congratulating her and thanking her for taking on such a role so critical to our future. In little more than a year since she joined the Journal, Louise has had an outsized impact on the newsroom and assembled a powerhouse team. The strategy and PDE team leads who have worked with Louise — overseeing areas including technology, product, design, new audiences, young audiences, programming strategy, innovation and data science — have become important leaders at the Journal with exceptional backgrounds in journalism, technology and innovation. Combining these once-separate functions into a new department that bridges news and the rest of the company will ensure that strategy, audience insights and product sit together right at the center of the Journal and Dow Jones and will be far more closely aligned. Louise also will continue to work closely with the Membership team and across Dow Jones, with the group aligned with the company’s goals of widening reach and improving daily habit of engaging with the Journal. As we launch the new department, we are making permanent several roles that have evolved in the last several months: —Dion Bailey will become VP, head of WSJ technology and architecture; —Kabir Seth’s job will broaden as head of operations and strategy within the expanded department; ?–John Schimmel will become a?VP of engineering to continue overseeing a large base of our engineers alongside VP of engineering Mike Finkel, who plays a critical role overseeing our engineering teams. The entire leadership team in the new group is impressive and accomplished. I invite everyone to come to a presentation from the team at 10.30 am Thursday in the Impact?conference room on the 9th floor. We also will be posting key new roles, including: a head of design; a content experiences engineering team; and roles to oversee product for our platforms, content experiences, engagement experiences and more. The new structure provides a foundation for growing our engineering teams going forward. Lastly, we will be posting new jobs for strategy editors to work with each coverage area in the newsroom. We recently shared our plans to move?most news editing functions to new coverage hubs that are closer to reporting and visual teams. As we build those hubs in the coming months, these strategy editors will join each coverage area to work hand-in-glove with editors and reporters on the important work of rethinking our journalism for the future. We are seeking internal and external candidates who have strong backgrounds in reporting and/or editing as well as strong knowledge of multiple mediums and digital-first thinking. As we gear up, we also will undertake two important tasks in the new year. Louise and her team, working closely with the senior team, will oversee a thorough review of our multiple strategic efforts across the newsroom and prepare a full, comprehensive strategic roadmap. And in each coverage area we will undertake a close, data-driven review of our output and performance. It’s important to underscore that while Louise and her team will set and drive our newsroom and product strategy, our success won’t all rest on their shoulders. Moving forward, and engaging fully, is on all of us. It will be exciting, fun–and at times uncomfortable.? Each one of us must challenge ourselves and our ways of thinking. While we have made real progress, too often our institutional reflex is a shrug and dismiss, saying: “That’s not how the Journal does things.” Enough of that. It is time to be much smarter about audience data and needs, to build a more innovative newsroom, to not just create but regularly deploy new story formats and to create a more experimental and collaborative culture. Happily, we launch these new efforts from a position of strength, with a great team of leaders, the most talented staff in our history and a fantastic run of journalism. We can all be confident this is the right moment to propel ourselves forward and embrace what lies ahead with enthusiasm. More to come. Matt
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  • WSJ to Interview House Speaker Nancy Pelosi at Newsmakers?

    November 25, 2019
    Wall Street Journal Editor in Chief Matt Murray will interview Speaker of the United States House of Representatives Nancy Pelosi at the Journal’s Newsmakers event in Washington D.C, on December 9, 2019 at the Newseum. Newsmakers is the opening reception and program for the Wall Street Journal’s annual CEO Council.? For more information on CEO Council, click here. Media inquiries: Steve.severinghaus@dowjones.com and Jessica.mara@dowjones.com ?# # #
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  • WSJ to Interview Jared Kushner at Newsmakers?

    November 18, 2019
    Wall Street Journal Executive Washington Editor Gerald Seib will interview Jared Kushner, Senior Advisor to President Donald Trump, at the Journal’s Newsmakers event in Washington D.C, on December 9, 2019 at the Newseum. Hosted by WSJ’s Editor in Chief Matt Murray, Newsmakers is the opening reception and program for the Wall Street Journal’s annual CEO Council.? For more information on CEO Council, click here. Media inquiries: Steve.severinghaus@dowjones.com and Jessica.mara@dowjones.com ??# # #
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