A report by Omega Systems reveals that 53% of chief financial officers in the financial services sector view keeping up with evolving cybersecurity regulations as a top concern, but many firms are hindered by legacy systems, limited budgets, and slow breach response times. Half still rely on outdated or on-premise infrastructure, and over one-third admit it would take more than a week to detect and contain a breach. The report also notes a disconnect between CFOs and chief information officers, with only 38% of CIOs sharing the same regulatory concerns, underscoring the lack of a unified approach to cybersecurity resilience.
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