Secure that data

Data security remains a priority for regulators

Data security remains a key issue for regulators, despite a slight lull in the recent procession of security breaches, from laptop threats to internet hacking of financial services. The UK’s Financial Services Authority and US regulators are taking a hard line on firms that fail to implement and maintain basic standards regarding information security, such as ensuring senior management takes responsibility for data security, that detailed plans are in place to react to data loss, and effective