Skip to content

Internet Explorer is no longer supported by this website.

For optimal browsing we recommend using Chrome, Firefox or Safari.

Publications

Data Security Plans: Why Financial Institutions Must Continuously Assess and Update Their Data Security Plans

June 19, 2015

Publications

Data Security Plans: Why Financial Institutions Must Continuously Assess and Update Their Data Security Plans

June 19, 2015

A few years ago, news of a data security breach was an eyebrow-raising anomaly. Not anymore. Recent breaches suffered by Target, J.P. Morgan, Sony and countless others have resulted in the wide-spread realization that digital attacks are now a common threat faced by individuals, corporations, government agencies and financial institutions alike. As a result, 84 percent of financial institutions surveyed by the Depository Trust & Clearing Corporation “identified cyber-risk as one of their top five concerns—an increase of 25 points since the last survey was conducted in March 2014.” This year brings a greater expectation of compliance—and compliance that doesn’t stop at the CIO’s doorstep. To read the article, click here.

Related News

New LLC Rules Affect Both Lenders and Borrowers

Glenn E. Morrical, Thomas W. Ostrowski, William J. Stavole, John C. (Chaz) Weber More