Ryan Williams’ Post

Safeguarding Your Financial Well-being: Here’s how . . .

Preparing for the Implementation of Joint Standard 2 of 2024 The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have published the Joint Standard 2 of 2024, focusing on cybersecurity and cyber resilience for financial institutions. This standard is scheduled to come into effect on June 1, 2025. This provides financial institutions, including small independent advisors, with a 12-month period to prepare for compliance. During this preparation period, institutions are encouraged to gradually implement the required cybersecurity measures. This phased approach not only ensures compliance by the effective date but also helps distribute the associated costs over several months, reducing the financial burden. By proactively addressing these requirements, financial institutions can enhance their security posture and protect themselves against cyber threats, ensuring a smoother transition when the Joint Standard becomes mandatory. For detailed information on the Joint Standard and its requirements, visit the FSCA's official website at https://www.fsca.co.za or the Prudential Authority section on the South African Reserve Bank's website at https://www.resbank.co.za/ If you require more information refer www.sacyber.co.za

Finding the U.S. Securities and Exchange Commission rules on disclosure difficult to understand? Take a bit of pain out of potential data beaches by taking to us at Eckoh about how you can let your staff process sensitive data without ever getting it into your environment. Drop me a DM if you've got any questions.

Navigating the Future: Key IT Trends in Financial Services

Recently I had the opportunity to speak at the Vulcan Cyber | Own exposure risk CyberRisk Summit. At this summit I discussed updated US Securities and Exchange Commissions (SEC) guidance from 2023 and 2024. Most notably the conditions under which registrants must disclose an incident: 1. Whether a breach will impact investors financially 2. The timing of reporting an incident 3. Disclosures from a ransomware attack If interested in viewing it's on YouTube! https://lnkd.in/e5rVMWJM

If you think spending money on cyber protection is expensive, understand the ramifications of doing nothing can cost your $100,00-$200,000! Here's a short video of an interview I did with a GM of a local SE MI manufacturing company that had a breach talking about the financial cost. Please understand this is hard dollars, not including time. https://lnkd.in/gK99ajU4 #cybersecurity This videos and others are on Cygnus Systems website.

Don’t be a weak link! Boost your cyber defenses with expert insights at our webinar! Identity Theft: What can I do to protect myself? Secure your spot now at https://bit.ly/3Z7iowa Save the date: Oct 15, 12 PM – 1 PM EST Because your data deserves protection! #CyberSecurity #Webinar #CyberThreats #DataProtection

DORA is likely to impact financial businesses in the UK if you have existing EU clients. Not only that but, as the UK tends to align with most of the EU regulations, it's very likely that DORA will be a UK concern in years to come. Dale Fairbrother and Patrick Frech are hosting a webinar on the 2nd May at 10am to discuss DORA and its implications. #DORA #financialregulation

We are starting to see higher financial impacts on cyberattacks to companies from Government agencies.