From: Morning Consult
Cybersecurity is at the very core of the financial services industry — from enabling customers to access their data online, to monitoring websites and apps, to securing ATMs and points of sale, there’s not a financial services firm that doesn’t count cybersecurity among its highest priorities.
It is natural that financial services regulators are also paying close attention to cyber. As the industry is driving toward better security, the regulatory community is working hard to do the same, issuing more than 40 new rules, regulations, tools and guidance since mid-2014 at the federal and state level. But rather than simply implementing large numbers of regulation, it’s important that smart, coordinated regulations are put on the books to best protect consumers.
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