Thu, Apr 6, 2017

Jason Elmer Quoted in GT News: Financial Services Firms 'Readying for Tougher Cybersecurity Rules'

Jason Elmer, Managing Director in Duff & Phelps' Compliance and Regulatory Consulting practice, was quoted in GT News on the Global Regulatory Outlook 2017. The article discusses how financial services firms are spending more time and resources on cybersecurity.

“Cybersecurity is at the top of the agenda for financial services firms today,” added Jason Elmer, Managing Director, Compliance and Regulatory Consulting at Duff & Phelps. “In the wake of high-profile cyberattacks, many are anticipating clearer and more punitive cybersecurity regulation to be implemented.

“Firms are proactively looking to strengthen cyber defences as a result, and this is an opportunity for regulators to collaborate with financial institutions to form new rules. What’s also clear is that commercial pressures from investors concerned about the security of their sensitive data will accelerate any attempt to improve cybersecurity measures. For all these reasons, 2017 is set to be a watershed year for cybersecurity regulation.”

A copy of the article is available on the GT News website.