Ireland Warns Asset Managers Over Poor Cyber Practices
Law360, London (March 11, 2020, 2:55 PM GMT) -- Ireland's Central Bank has warned asset managers that some of their cybersecurity practices are inadequate and have not been improved in the last three years despite rising risks.
The central bank published the findings of its so-called Thematic Inspection into the cybersecurity risk management practices in asset management firms. The review, which included on-site inspections of asset managers, found that some firms have made good progress but others are falling short of the bank's expectations.
"We are of the view that cybersecurity is a practice that remains underdeveloped in the asset management industry," Michael Hodson, director of asset management and investment...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!