Financial Institutions

While proposed amendments to narrow the scope of the CCPA might tempt financial services organizations to put CCPA compliance on the backburner, that instinct might prove to be flawed for quite a few reasons.

The ability of financial institutions to recover data breach losses from non-contacting parties depends on various legal statutes and industry regulations.

The only guarantee today is that nefarious parties will continue to find new ways to infiltrate networks at financial institutions. Therefore, we must implement best practices to protect against cybersecurity incidents, as well as to resolve all possible issues that can arise should a cyberattack occur.