Nelson Mullins Encompass


The High Cost of Being Unprepared

September 3, 2013

If you are the CEO, CISO or General Counsel of a financial institution (FI) of any size, you have likely been thinking about what you must do to secure your institution's sensitive financial data. It is also likely that you have been considering breach or loss. If you have been watching the news or taking the temperature of the industry over the last two years, you are probably aware that financial institutions have become a primary target of foreign and domestic cyber attacks, warfare and crime. This article will address measures that must be taken by FIs in order to mitigate catastrophic security events and avoid wholesale brand collapse in the wake of such events.