Banks are no strangers to the perils of lax data security. The growing frequency and severity of cyber attacks on lenders have made resiliency against external attack banks’ top operational risk priority. To ensure practitioners’ minds are sufficiently focused, however, European supervisors are introducing tough new legislation to incentivise higher data protection standards – seemingly favouring the stick approach over the carrot to achieve their goal.
Under the EU’s forthcoming General Data P
The week on Risk.net, May 12-18, 2018Receive this by email