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The Cybersecurity Mandates Keep On Coming
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Joe Stanganelli
Joe Stanganelli,
User Rank: Ninja
4/5/2018 | 12:26:45 AM
Financial services suffering
I can attest to the fact that increasing compliance burdens are stifling smaller and midsize financial institutions. BankUnited, for instance, completely ditched its entire retail mortgage business a couple of years ago because of compliance costs and complexities.
Joe Stanganelli
Joe Stanganelli,
User Rank: Ninja
4/4/2018 | 6:45:23 PM
Re: Compliance is impossible
@REISEN: While compliance issues certainly present added costs and complexities for organizations -- sometimes prohibitively so -- I won't go so far as how you put it.

As Terry Ray, CTO of Imperva, suggested recently in a piece for Dark Reading ( link: darkreading.com/putting-the-s-in-sdlc-do-you-know-where-your-data-is/a/d-id/1331185 ), the key is to know where your datasets are and where they are not, and how they are processed and distributed throughout your SDLC. This is basic data hygiene.

And if you practice and keep fundamentally excellent data hygiene (which most organizations do not), then I tend to think that chances are you are going to be 90% in compliance with whatever data-protection regulations that are thrown your way.
REISEN1955
REISEN1955,
User Rank: Ninja
4/2/2018 | 7:16:30 AM
Compliance is impossible
Why?  Because the hackers and actors out there have nothing but time on their hands to think and act - and are always 5 minutes ahead of our best efforts to keep them out.  To be IN compliance is an impossibility so we should always be chasing compliance as best as we can.  


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