Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

FCA Business Plan 2018/19 – cyber security in FS Sector

With this commitment, the FCA is placing the people component of cyber security at the heart of its 2018/19 strategy for the financial services sector.

By Oz Alashe, CEO, CybSafe

“The Financial Conduct Authority (FCA) launched its 2018/19 business plan, outlining priorities for the next 12 months. Data security and the operational resilience of financial services firms plays a prominent role in the regulator’s priorities, with an acknowledgement that cyber-attacks in the financial sector are becoming more frequent and widespread.

Over the next year, the FCA will “strengthen supervisory assessments of the highest impact firms to better understand their current and planned use of technology, resilience to cyber -attacks and staff expertise. We will also review how governance, strategy, systems architecture, risk management and culture contribute to firms’ data security.”

With this commitment, the FCA is placing the people component of cyber security at the heart of its 2018/19 strategy for the financial services sector. Measurement of staff cyber expertise and the impact of culture on a company’s cyber security risk is a progressive and welcome approach from a regulator. The finance sector has played a leading role in tackling information security threats, through ground-breaking technology and processes. However, this FCA commitment to protecting consumers and market integrity represents the first pledge by the sector to address the third pillar of any effective cyber security strategy – people. Financial firms should view their people as their first line of defence against cyber criminals. By building a positive cyber security culture, companies across the finance sector – from SMEs to multinational institutions – can be better placed to address any potential cyber security threats.

Industry regulators are oft-maligned for being slow to adapt in a fast changing technology landscape. Today the FCA should be commended for leading the charge in tackling the people aspect of cyber security.”

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post