Brokers better invest in cyber security — or else

Protect your clients’ data — or you’ll pay.

Brokers who don’t invest in cyber security face stiffer fines in 2016 as part of a stepped-up enforcement strategy, Wall Street’s self-regulating cop told The Post on Tuesday.

The potential for millions of dollars in fines is part of a “broken windows” policy, Richard Ketchum, the chief executive of the Financial Industry Regulatory Authority, said, alluding to the policy under which city police forces put an emphasis on smaller issues to prevent them from growing into larger problems.

Read full article on The New York Post…

 

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s