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Top 12 Cybersecurity Regulations in the Financial industry
The proliferation of cyberattacks targeting the financial sector has forced the establishment of several mandatory cybersecurity regulations. Though often considered an unnecessary burden on security teams, regulatory compliance is one of the most effective strategies for keeping financial services accountable for their security posture.
Cybersecurity regulations must be malleable to remain relevant in a rapidly evolving threat landscape. This means the financial sector must constantly keep track of changes to existing regulations as well as the establishment of new information security standards.
The stress of such a burden is unnecessarily amplified by the lack of a reliable reference to the regulations impacting financial institutions.
To address this silent frustration we've compiled a list of all the primary cybersecurity regulations impacting the financial services industry. Each item is also supported with compliance resources and details of penalties for non-compliance.
This list should be regularly referenced by both established financial institutions and finance startups to discover possible deficiencies placing them at a high risk of data breaches and regulatory fines.
Read more:
https://www.upguard.com/blog/cybersecurity-regulations-financial-industry
The proliferation of cyberattacks targeting the financial sector has forced the establishment of several mandatory cybersecurity regulations. Though often considered an unnecessary burden on security teams, regulatory compliance is one of the most effective strategies for keeping financial services accountable for their security posture.
Cybersecurity regulations must be malleable to remain relevant in a rapidly evolving threat landscape. This means the financial sector must constantly keep track of changes to existing regulations as well as the establishment of new information security standards.
The stress of such a burden is unnecessarily amplified by the lack of a reliable reference to the regulations impacting financial institutions.
To address this silent frustration we've compiled a list of all the primary cybersecurity regulations impacting the financial services industry. Each item is also supported with compliance resources and details of penalties for non-compliance.
This list should be regularly referenced by both established financial institutions and finance startups to discover possible deficiencies placing them at a high risk of data breaches and regulatory fines.
Read more:
https://www.upguard.com/blog/cybersecurity-regulations-financial-industry
