Cyber and information security is considered by some to be the biggest challenge organizations collectively face today. A recent study conducted by Juniper Research predicts the cost of data breaches to reach $2.1 trillion globally by 2019. These incidents – whether they are caused by criminals, foreign governments, or hacktivists – can be costly for organizations, distressing for consumers, and create the possibility of real systemic damage to whole industries; even nations. So, it’s hardly surprising that regulators and legislators around the world are moving into action.
This paper examines the five top trends in cybersecurity regulation and how they are evidencing themselves in key jurisdictions around the globe, with a focus on the financial services industry.
As well as providing an overview of the regulatory landscape and what the regulators are expecting in terms of cybersecurity efforts, the paper provides links to a wide variety of resources including reports, speeches and handbooks.
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