The New York State Department of Financial Services (NYDFS) filed its first cybersecurity enforcement action against a firm alleging deficient cybersecurity controls and other flaws in cybersecurity practices. Failure to follow cybersecurity policies, neglect to … Read more
This paper outlines how the NIST Framework (National Institute of Standards and Technology) is being used in the Financial Services Industry to provide structure and consistency to Cybersecurity.
With the increasing volume of cyber-attacks, the Financial Services Industry is finding ways to efficiently approach Cybersecurity risk. “The reality is, Financial Services firms are reportedly hit by security incidents a staggering 300 times more frequently than businesses in other industries.”