In 2017, removing risks and maximising security is a major - if not the major - concern for financial organisations, whatever their size.
In the wake of an increasing number of high-profile cyber-attacks, businesses are rightly escalating cyber security to the very top of their priority list.To help organisations address the growing risks, there is an increasing number of regulatory bodies and - in turn - an increasing level of cyber security regulations and requirements in place. The emerging regulations are being put in place to mitigate the likelihood of a successful attack hitting an organisation, and to make preventative measures easier and more straightforward for businesses to take. As in the case of the revised directive for payment services in 2015, though, often the new measures required by regulators appear to favour smaller, disruptive fintech businesses over the larger ‘traditional’ organisations. For instance, the revised directive, introduced by the European Commission,... Read more