American Banker journalist Rachel Witkowski reported on the launch of the Financial Services Sector Cybersecurity Profile at an official event attended by industry representatives, academics and regulators that took place on October 25, 2018. The article indicates that participation and contributions from more than 150 banks led to the development of the Profile, which is now helping firms achieve an approximately 73% reduction in the number of regulatory assessment questions typically required as part of cybersecurity compliance.
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