Accountability for a data breach
Cyber breaches have become an everyday threat for financial institutions, and with the threat coming both internally and externally, accountability remains an open question. OpRisk investigates exactly who is responsible within a financial institution when a cyber breach occurs
In March 2013 the US Senate Select Committee on Intelligence named cyber risk as its top global threat. The committee said that the global system was dealing with uncertainty and doubt in the face of new and unpredictable cyber threats. The report pointed out that within the past year, there has been a denial-of-service campaign against the public websites of multiple US banks and stock exchanges
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