As the days get shorter and we enter the spookiest season of the year, we’re keenly aware of the scary impact that a data breach, cyber hack, or ransomware attack could have business, especially in the financial services realm.
The repercussions of a malware attack vary by industry, but the implications for financial service companies can include facing liability for customer fraud charges, losing significant trust, funding credit monitoring, and, of course, the large expense of regaining access to data.
With the upcoming cybersecurity requirements by the NFA and nearly every regulatory body overseeing financial service industry participants, it’s important to not only comply with cybersecurity regulations but to use…
