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Data Security Plans: Why Financial Institutions Must Continuously Assess and Update Their Data Security Plans

June 19, 2015
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by Robert Hanna and Paul Janowicz, published in Bloomberg BNA

A few years ago, news of a data security breach was an eyebrow-raising anomaly. Not anymore. Recent breaches suffered by Target, J.P. Morgan, Sony and countless others have resulted in the wide-spread realization that digital attacks are now a common threat faced by individuals, corporations, government agencies and financial institutions alike. As a result, 84 percent of financial institutions surveyed by the Depository Trust & Clearing Corporation "identified cyber-risk as one of their top five concerns—an increase of 25 points since the last survey was conducted in March 2014." This year brings a greater expectation of compliance—and compliance that doesn’t stop at the CIO’s doorstep. To read the article, click here.

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