Abstract
Financial industry standards, and corresponding regulations, thoroughly address the concepts of cybersecurity threat, vulnerability, consequences, and costs. Aspects of the threat landscape are communicated by organizations such as the FS-ISAC and through various public sector warnings and briefings. Vulnerabilities are both systemic and individual and becoming more widespread as technology evolves, and there is mounting evidence that withstanding or recovering from a cyber attack can be extremely expensive. Yet for many executives, a core question remains: what are the odds a cybersecurity attack will impact my institution? The question may at first seem suspect, given the large and growing array of relevant financial industry guidance on cyber. It would seem that any risk so obviously deemed critical by multiple overseeing bodies must of course have tangible impact on all financial institutions, but financial industry management has reason to think otherwise. That is, given all the standards and guidance on cybersecurity available to financial institutions, should we not be ahead of the curve?
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
