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Cyber Resiliency in the Financial Industry 2024 Survey Report
Release Date: 12/09/2024
Data resiliency and operational security have become increasingly critical as digital transformation accelerates. The financial industry faces distinct challenges and strict regulations within these domains. To better understand cyber resiliency in financial services, DTCC commissioned CSA to develop this survey report.
CSA conducted the survey online in April 2024 and received 872 responses from IT and security professionals. Interviews with executive security professionals across a dozen major financial institutions provided additional context and validation for the report's findings. The report examines key factors influencing data resiliency in the financial sector compared to other industries, including frameworks, confidence levels, and cloud adoption strategies.
Key Findings Include:
- Complex financial regulatory environments simplify operational strategies
- Financial institutions utilize cloud for operational resiliency
- Top concerns for financial institutions in cloud are customer controlled
- Data privacy and integrity is the top concern with generative AI
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