Financial services firms have "structural deficiencies" in how they manage cybersecurity, which leaves them exposed to gaps in protection.
That's according to a white paper from External IT, a provider of cloud computing, titled "Financial Services Firms Face Further Scrutiny of Their Cybersecurity Practices: Is Your Firm Ready?"
The paper not only explores common shortcomings in firms' efforts to safeguard their data, but also offers suggestions on what firms need to do to protect clients' data while at the same time being compliant.
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