Financial institutions are beholden to one of the widest arrays of cybersecurity regulations in business today. Especially for organizations operating globally, ensuring that the organization meets the myriad compliance requirements is taxing on a security team, on top of ensuring the organization itself is secure. A solution that many members of the financial services cybersecurity community seek is harmonization across multiple frameworks. Here we will dive into some of the gold-standard frameworks that help organizations meet their requirements while reducing duplicated efforts.
How We Got Here
Before we examine the frameworks, let’s examine how we as a community got to this point – where compliance teams are inundated with a host of standards they must meet. The answer lies in the driving principles for standards in the first place.
Financial services organizations have been leading the charge on cybersecurity since the creation of the Chief InformationS Security Officer title in the late 1980s. As organizations began to operate online more and more, the banks and other organizations had to ensure that this new frontier was secure from theft. Governments and regulatory…
