Financial services is one of the most data driven industries. Collecting, processing and using personal data is paramount in offering services to consumers that build customer trust and provide an edge in an extremely competitive market.
The financial services industry is also heavily regulated, with many different pieces of legislation and codes, and failing to meet these can be significant for both your organisation and the customers you serve.
This guide looks at the most pertinent regulations and legislation impacting financial services organisations. It also offers guidance on how to address the main data privacy and cyber security requirements established within them, including:
- How you can protect vulnerable customers
- How you should approach risk management, supply chain risk, and internal controls
- How to secure IoT devices within the financial services sector
- How to approach compliance, culture and internal engagement
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