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Deloitte alerts City to a cyber regulatory overhaul in 2018

Consulting firm warns financial services that regulators will want to see evidence the threat of cyber attack is treated — and resourced — seriously

Deloitte alerts City to a cyber regulatory overhaul in 2018

Two-thirds of global financial institutions are struggling to address cyber security threats, Deloitte has found, as the consulting firm warns regulators will more closely police these risks in 2018.

According to Deloitte's Financial Markets Regulatory Outlook for 2018, staying ahead of changing business needs when managing cyber risks was seen as "extremely or very challenging" for 66% of 77 firms polled.

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