Cyber security is a growing concern for financial
institutions and their regulators. The importance of keeping
costumers’ data and institutions’
proprietary information safe is a high priority globally.
New technologies mixed with old systems, a growing
desire to offer online functions to customers, and the
prevalence of third parties being used to hold or distribute
information are all raising questions about the best ways to
provide data security. Regulators are poised to step in, but
their presence and added scrutiny is rarely welcome. Their
record for global cooperation is poor. And
regulators’ own cyber security standards are not
as high as they could be.
Against this backdrop, the question has become: how
should financial regulators tackle cyber security risks?
IFLR’s latest quick poll asks readers
to weigh in on the debate. Vote anonymously on the lower right side of the homepage. The
results will be featured in the July/August edition of IFLR
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