Chinese parliament has this week published a draft cybersecurity law that consolidates Beijing's control over data
The issue of cybersecurity, while
seemingly the latest buzz word on compliance
officers’ lips, is no new phenomenon.
A swathe of recent research on the subject
has hit the FOW desk so it seems the trend is real and current,
and with China’s parliament this week publishing a
draft cybersecurity law, the issue continues to creep up the
While it is agreed that firms should be
taking steps to improve their internal cybersecurity, this does
not come cheap. However, according to recent research by
Accenture, funds set aside for risk management is
The Accenture survey stated that emerging
cybersecurity and fraud risks are driving financial
services companies to increase their investment in risk
management, with nearly nine in 10 companies set to up their
risk management spend.
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