What Is FINRA and How Does it Handle Cybersecurity?
It has become increasingly important for financial institutions to adopt robust security measures to safeguard their client’s assets and personal data. To address this challenge, FINDA has established a comprehensive set of rules to enhance its member firms’ cybersecurity posture.
However, there isn’t a set-in-stone framework for specific security measures. Instead, FINRA consists of obligations and guidance on how to address those obligations.
This article will delve into the various aspects of cybersecurity related to FINRA. By understanding the importance of cybersecurity within the context of FINRA’s regulatory framework, financial institutions can better protect their clients, mitigate risks, and contribute to a more secure and resilient financial system.