Three steps to build resilience to cyber attacks
As cyber criminals grow more sophisticated, and regulators bear down on banks and their third parties, there are three steps firms can take today to boost their resilience to cyber threats, says Jason Harrell of the DTCC
As the likelihood of a cyber attack on multiple financial firms increases, banks must shore up their operations to be able to quickly recover. Regulators, concerned with the growing number of cyber incidents, have turned their attention to the resilience of financial institutions and their respective third parties, requiring these organizations to develop capabilities that build greater resilience and have developed rules and principles designed to guide financial firms through that process.
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