City Cyber Taskforce Introduced to Safeguard Corporate Finance in UK

Two of the UK’s main accounting and security agencies are forming a new taskforce today to help organisations enhance the security of their corporate finance transactions.

The effort is being led by the Institute of Chartered Accountants in England and Wales (ICAEW) in partnership with the National Cyber Security Centre.

Other representatives from banking, law, consulting, and other fields include the Association of Corporate Treasurers, the British Private Equity and Venture Capital Association, Deloitte, EY, KPMG, the Law Society, the London Stock Exchange, the Takeover Panel, and UK Finance.

During the task force’s launch earlier this week, the 14 organisations published new regulations meant to help businesses mitigate cyber-risk while engaging in corporate finance activities, such as capital raising, mergers and acquisitions, and initial public offerings.

Important guidelines regarding building resilience against cyberattacks, protecting commercially sensitive data shared during deal processes, and responding to breaches were all included in Cyber Security in Corporate Finan

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents