Cloud computing provider, External IT, has released a white paper entitled “Financial Services Firms Face Further Scrutiny of Their Cybersecurity Practices:  Is Your Firm Ready?”  The report finds that financial cybersecurity is lacking in three key areas:  Security policy, accountability when moving company data, and disaster recovery.

In addition, firms are not doing a good enough job vetting third party vendors for adequate cybersecurity practices and technologies.  This report is timely given a September alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) saying that they would be conducting a new round of cybersecurity inspections.

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>