Rapid adoption of the cloud highlights a central dilemma for the financial services industry – how to take advantage of the latest technology, while complying with changing cybersecurity laws, and avoiding costly data breaches. Cloud-based solutions promise greater efficiency while dramatically reducing costs, but at the same time new cybersecurity laws, GLBA, PCI and privacy laws in 47 states, threaten fines, liability, and damaging public notification for data breaches.
Financial and security experts discuss how to balance cloud adoption and compliance, as well as best practices for data protection.
Topics covered will include:
- The recently enacted New York cybersecurity law for financial services, that raises the bar for security and compliance
- Best practices for identifying and adequately protecting sensitive information in cloud applications
- Case studies of financial services organizations that are adopting the cloud with added security controls