INVESTMENT NEWS: Cyber assailants targeted in important new security sweep
Cyber assailants targeted in important new cybersecurity sweeps
The skill and sophistication of attackers are often outpacing firms’ ability to protect themselves
June 7, 2018
By Guy F. Talarico, CEO, Alaric Compliance Services
According to compliance and cybersecurity experts, financial industry regulators are embarking on a new cybersecurity sweep, with a focus on registrants’ data loss prevention, oversight of third-party service providers and incident response planning. And with good reason. Cyber assailants continue to perpetrate increasingly sophisticated attacks on U.S financial institutions, including exploiting weaknesses to steal valuable data and breaching third-party information service provider systems. Yet many firms remain woefully ill-prepared to fend off the latest threats and lack actionable incident response plans to recover from a breach.