Cybercrime has hit the financial services industry particularly hard, and today’s leaders need to respond. Consider these eye-opening statistics and what your organization can do to mitigate risk.
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Today’s marketplace for financial institutions opens up a worldwide opportunity for growth, but it also introduces compliance and regulatory requirements that are just as expansive. Consider the laws and standards related to cybercrime, data privacy and more that affect organizations in 2021.
For financial services firms, proper risk oversight is a necessity, and with the new reliance on technology, there needs to be an understanding of the steps to take in order to reduce risk.
Directors and other leaders financial services are widening their lens to long-term sustainable growth even in the wake of the pandemic. Consequently, digital resilience has emerged as a prime focus for organizations looking to thrive during the next cris.
Modern governance tools and practices help financial services institutions remain alert and resilient, while still maintaining compliance with myriad regulations.
As COVID-19 moved the staff of banks, credit unions, and other financial service institutions to distributed home offices, leaders of financial services institutions (FSI) have faced sudden and weighty decisions. Cybersecurity, employee engagement and succession planning, among other areas, have taken on renewed importance. So how have boards been maintaining business as usual in circumstances that are anything but?