Clifford Chance

Cyber security – legal and regulatory considerations

16 June 2015

Banks and other financial institutions are acutely aware of their vulnerability to cyber attacks and security lapses. These attacks can be directly damaging to their businesses and reputation, but can also raise legal and regulatory issues that need to be anticipated and addressed. Increasingly, banks are subject to express obligations to keep data secure and to inform affected individuals and regulators in the case of a breach. Here, Clifford Chance experts consider these issues and look at how banks can both defend against, and respond to, cyber security lapses.

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