Cybersecurity compliance in banking sector
S. Companies 3. How to Solve the Challenges within the Policy Framework • Conclusion Cyber Security Compliance in the Banking Sector Introduction The introduction and use of modern technology in the society has brought new and sophisticated challenges that expose companies to risks. These challenges have come as a result of negligence or attacks from unscrupulous individuals and competitors. The security and privacy of any business, especially those that deal with financial matters are of key importance to both the investors and their clients (Malhotra, 2015). The statistics of bank robberies and cyber crimes indicate a dangerous trend. As of now there are more than ten reported cases of bank robberies and this means that the cyber security compliance and regulatory issues are not properly followed.Cyber Security Compliance and Regulatory Issues that face SunTrust Bank The European Union Safe Harbor Resolution of 2015 brought a shift in the practices of data ...
Cyber Security Compliance in the Banking Sector
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