Continuous Cyber Risk Management Prevents Regulatory Fines

The Capital One data breach has put cyber risk management in the spotlight. On August 7th, 2020, the OCC fined Capital One $80M and said it failed to “establish effective risk assessment processes” before transferring its operations to the public cloud and did not “correct the deficiencies in a timely manner.”

Evidently this fine has sent a message about how regulators are looking at cybersecurity planning. Using a strong cyber risk methodology can quickly satisfy the demands of regulators. Download this fact sheet to learn more about how your organization can gain visibility and improve your cyber program.

 

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