Regulators Warn on Lack of "Basic" Cybersecurity Protections

Panelists at the Sifma Annual Meeting felt attacks could be prevented if cybersecurity was treated as an integrated business process.

cybersec image

Thomas Ferlazzo, senior vice president, Operational Risk Supervision at the Federal Reserve Bank of New York, said that examinations being conducted by the regulator still find cybersecurity processes lacking at some firms it supervises.

“In some of the exam work that we’ve done, we still see some of the basic hygiene efforts are lacking. We still lapses in good cyber-hygiene and good risk management,” he said. “It is frustrating to see some basic elements still missing. There’s a fundamental

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: