Better Info Security Driven By Regulatory Compliance

Sraeel, Holly
January 2006
Bank Technology News;Jan2006, Vol. 19 Issue 1, p8
Trade Publication
The article discusses the importance of regulatory compliance to the information security practices of banking institutions in the U.S. In a survey by Ernst & Young, the respondents were asked to rank the top three regulations affecting a bank's information security practices. Operational risk was cited as the primary driver with 69 percent, internal controls with 63 percent, and privacy with 49 percent. More than three-fourths of banking respondents cited compliance as the primary driver of information.


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