In 2015, a reported 41% of financial services organizations had either experienced a data breach or failed a compliance audit. With so many mishaps to the financial services industry and it’s customers, it’s no wonder that regulatory agencies are beginning to crack down on those who fail to meet certain levels of cyber security. SEC crackdowns, European data security regulations, and cyber security frameworks recently released by FINRA are among a few of the most recent large developments in the financial industry. Read more at dataprivacymonitor.com.
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