In this episode, Matt Kelly and I take a deep dive into a report from the Financial Stability Oversight Council on the cybersecurity risk of third party technology providers in the financial industry. We discuss some of the specific risks and recommendations laid out in the report. We use this as a jumping off point to explore how such issues are becoming more and more the purview of the compliance practitioner. Some of the solutions Matt discusses are directly in the wheelhouse of the compliance professional. Finally we note the potential for more regulatory scrutiny from both the SEC and PCAOB going forward into 2018.
For addition information on this topic see some of Matt’s writings in this area see