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Customer Data Security in Finance and Retail
Thu 18 May 2017, 08:30 – 18:00 BST
Cyber crime and customer data security are business critical issues keeping business leaders around the world awake at night.
Brand reputation and share price are at stake here. And the financial services and retail sectors are some of those at highest at risk from the cyber criminals as high profile breaches have recently demonstrated
New global research shows the majority of customers fear they will be victims of a breach, while less than a third of them believe organisations in the financial services sector are taking data protection seriously. And two in three customers say they are unlikely to do business with those organisations responsible for exposing information.
More than half of organisations say they expect to be the victim of cybercrime in the next two years, suggesting it will become the world’s largest economic crime.
Add to this the impending General Data Protection Regulation (GDPR) which comes into effect in the Spring of 2018 and the swingeing penalties for those organisation who fall foul of it, there are many more of those sleepless nights for business leaders in the financial services and retail sectors to come.
Our Customer Data Security in Financial Services Forum will examine the key challenges organisations face when protecting their customers’ data against a backcloth of double-digit increases in cybercrime activity.