G7 to Finance Sector: Play by These New Rules

Posted by Camden Swita on October 18 2016


The Group of Seven, a bloc of some of the largest industrial powers in the world, paid special attention to financial sector data security threats during its annual meeting earlier this month.

Citing a growing concern over massively expensive and embarrassing breaches and leaks in the industry, the Group of Seven, or G7, released a set of cybersecurity guidelines it insists governments and financial institutions follow to reduce risk.

The damages done to both financial institutions’ and governments’ reputations—not to mention the financial repercussions—by more recent incidents underscores the group’s decision to formalize a common strategy among the world’s economic powers.

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Topics: Access Control, DRM, G7, finance sector regulations, G7 summit, G7 finance, finance

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