As the influence and scale of family offices continue to grow, they face a myriad of unprecedented challenges, including accelerated intergenerational wealth transfers, evolving family dynamics, and increased cybersecurity threats. A recent report by Morgan Stanley Wealth Management accentuates the
As Cyber Monday approaches, retailers worldwide are bracing for the surge of online transactions and the accompanying increase in cyber threats. The State of Ransomware in Retail 2024 report by Sophos revealed an alarming statistic: nearly 80% of retail organizations experienced ransomware attacks
In a move significant for the financial sector, the European Data Protection Board (EDPB) issued an opinion on October 7, 2024, aimed at guiding data controllers on their reliance on processors and subprocessors under the General Data Protection Regulation (GDPR). The guidance underscores two
The landscape of banking is undergoing a significant transformation, driven by the need to meet modern consumer expectations for convenience, personalization, and security. Financial institutions, including banks and credit unions, are increasingly adopting advanced technologies to enhance customer
Community and mid-size banks face increasing pressure to improve their third-party risk management practices, particularly in the realm of cybersecurity. As cyber threats evolve and regulatory expectations heighten, these banks must prioritize rigorous due diligence and robust contract negotiations
Deutsche Bank's recent revision of ratings on key cybersecurity stocks has stirred significant interest, with some companies seeing their prospects brightened while others face increased scrutiny. SentinelOne, a prominent player in the field, experienced an encouraging upgrade from Hold to
