The Baker McKenzie Cloud Compliance Center provides a snapshot of the legal and regulatory position of cloud in key jurisdictions of interest for financial institutions, and provide simple answers to a few important headline questions that all financial institutions will need to consider when taking the leap to cloud.
In this episode of FInsight, we take a look at financial institutions trends fro the global disputes landscape.
On 09 March 2022, the US Securities and Exchange Commission (SEC) proposed amendments to its rules on disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. These rules are intended to enhance and standardize cybersecurity disclosures, and, if adopted in their current form, would require public companies to disclose cybersecurity-related policies, procedures and all material cybersecurity incidents.
In this episode of FInsight, we examine the takeaways for financial institutions from the 2021/2022 Digital Transformation and Cloud Survey.
In this report – FI Takeaways from the 2021/2022 Digital Transformation and Cloud Survey – we provide you with an overview of the responses from financial institutions (FI), together with our insights from almost a decade’s experience of surveying the marketplace and thought leadership in digital transformation and cloud.
As predicted in our Connect on Tech discussion in March, the U.S. Securities and Exchange Commission (“SEC”) is ramping up its examination and enforcement focus on cybersecurity at financial institutions, including scrutiny on actual implementation and deployment of published procedures in response to discovery of cyber breach incidents. Furthermore, the SEC appears to signal its expectation that multi-factor authentication (“MFA”) for email accounts containing sensitive client and customer information should be in place.