As the number of attacks against financial services, and the scope of their damage, continues to rise, regulations expect companies in this sector to intensify their cybersecurity practices. Due to the global nature of the financial services sector, companies must comply with not only federal and state regulations, but also international ones.
Your cybersecurity system should facilitate and automate compliance. Organizational fines for failure to comply can total hundreds of thousands of dollars for each violation, not to mention the damage that data breaches can cause to your customers and your organization’s reputation.