2022 was a notable year for financial services cybersecurity regulations including increased requirements from the SEC. The new SEC proposed comprehensive rule change will clarify the expectations of firms to achieve compliance, meaning many firms will have to fortify their cybersecurity strategies for 2023.
In this article for Cybersecurity Intelligence Drawbridge CISO Simon Eyre predicts increased penalties for noncompliance. Simon highlights “In 2023, regulators will likely continue enacting new cybersecurity regulations and enforcing existing rules. Fines for non-compliance are expected to continue to grow as regulators use them as strong encouragement for other companies to strengthen their defenses.”
Read the full article here.
