Proactive Data Protection & Privacy Training & Awareness - Whitepaper SAI Global

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Data Privacy: It's Time To Be Proactive

Data Privacy Whitepaper

Read this whitepaper to gain insights into:

  • the key findings of the FSA's Data Security in Financial Services Report
  • what firms are currently doing wrong
  • the key issues that need to be addressed before embarking on a data security training project
  • how to be proactive and successful in data security training initiatives

Whitepaper synopsis:

Data security risks, specifically those leading to financial crime, are a key concern for the financial sector. A recent report by the FSA on Data Security in Financial Services suggests there is still more the financial sector must do in order to safeguard client data, specifically in the area of staff training and awareness where firms "in general have substantial shortcomings". The FSA report puts ownership on Senior Management to "maintain effective systems and controls to counter the risk of financial crime". This, coupled with backing from the UK's Information Commissioner, Richard Thomas, and the threat of Enforcement action (for firms that fail to take account of the reports, findings), makes training and awareness a higher priority.

This whitepaper discusses the findings of the report and addresses how firms can be more proactive and successful in their approach to training and awareness.

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