United States:
Global Regulatory Outlook 2017: Preparing For And Responding Effectively To Cyber Attacks
09 August 2017
Duff and Phelps
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Respondents to the
Global Regulatory Outlook (GRO) 2017 survey clearly stated that
cybersecurity would be a focus for 2017 and beyond.
Cybersecurity is the biggest risk facing the financial system
and as such, firms can expect the SEC to continue to focus on it
moving forward. The National Futures Association, FINRA, and the
FCA in the UK, the FSC in Hong Kong and a variety of regulators
globally have issued guidance, directives, and FAQs outlining their
approach and expectations.
"It is worth noting that increasing and high-profile
attacks are prompting investors to ask many of the same questions
about cybersecurity that regulators are posing. Commercial forces,
as well as regulatory pressures, are ultimately likely to prove key
in improving standards," as Jason Elmer, Managing Director at
Duff & Phelps, explains.
The content of this article is
intended to provide a general guide to the subject matter.
Specialist advice should be sought about your specific
circumstances.
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