Financial Services, Banking and Insurance Sectors
Many organisations within the financial services sector are aware that the sector has a more detailed appreciation of risk and compliance than the finance sector. In such a tightly regulated industry, it’s imperative that organisations keep up with the latest regulatory and technological developments.
GDPR and financial services
Few organisations within the financial services sector will be unaware of the General Data Protection Regulation (GDPR), which comes into effect on 25 May 2018.
The GDPR affects all industries and requires attention at board level.
GDPR compliance is more than simply a box-ticking exercise. The Regulation demands that organisations can demonstrate compliance with its data protection principles.
Having an appropriate compliance framework in place ensures companies not only avoid significant fines and reputational damage, but can also demonstrate to customers that they are trustworthy and responsible.
Click here to find out how we can help your organisation achieve GDPR compliance >>
Cyber security and the financial services sector
Cyber attacks continue to make headlines on a regular basis. As the techniques used by criminal hackers become increasingly sophisticated and financial services organisations remain attractive targets, it has never been more important to improve organisational cyber resilience.
The UK government's Cyber security breaches survey 2017 found that the average cost of a cyber security breach for a large business is £19,600 and for a small to medium-sized business is £1,570.
However, the long-term cost to organisations processing sensitive financial information could be much higher.
Click here to find out how we can help your organisation protect itself from cyber security threats >>
How IT Governance can help you
We are a leading global provider of IT governance, risk management and compliance solutions, with a special focus on cyber resilience, data protection, the PCI DSS, ISO 27001 and cyber security.
We pride ourselves on our ability to serve an international customer base and deliver a broad range of integrated, high-quality solutions globally, while meeting the real-world needs of today's organisations, directors and practitioners.
Whether you are an SME or a multinational, we can tailor our wide range of products and services to your particular needs.
See how we can help you meet your business objectives >>
Contact us today
Get in touch to discuss your specific organisational requirements and to find out how IT Governance can help you.
+44 (0)333 800 7000