The cybersecurity landscape is always shifting, with threats becoming more sophisticated all the time. In the banking and financial sector, the stakes are high: not only are large amounts of money at stake, but when banks and other financial systems are compromised, the disruption to the economy as a whole can be significant.
The banking and finance industry has increasingly faced growing regulation around the world. It’s therefore essential that all employees in these institutions understand the requirements and what is expected of them in ensuring that their organization remains compliant with laws and rules. To do this you need to have good compliance communication procedures in place – one of the most important types of financial communications.
The financial services sector has always been an attractive one for criminals looking to commit fraud and other crimes. However, what has changed is the sophisticated methods now being used by criminals to target financial services.