Information security risks highlighted by FSA
FINANCIAL CRIME
The FSA notes that while overall financial losses to information security breaches is low, "information security issues pose a material risk to our objective to reduce financial crime". It says that overall, firms "could be more active in managing information security risks rather than being reactive to events", and that although firms usually have policies in place, "associated procedures and role responsibilities have not always been comprehensive. Firms' management have not always updated
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