With a new presidential administration scheduled to take over in just a few short weeks (as well as a revamped Congress), employers nationwide would be wise to anticipate a continued push for federal consumer privacy legislation.
Employers in the financial services sector are facing an unprecedented number of cybersecurity attacks during the pandemic crisis. To put this in perspective, the Financial Industry Regulatory Authority (FINRA) has issued nine notices regarding the ongoing and widespread cybersecurity threats facing the industry since the COVID-19 pandemic began – and only issued seven cybersecurity notices in the 14 years before the pandemic. What do financial services employers need to know about this development, and what can you do to minimize your chances of falling victim to such an attack?