Company-wide information security used to reside primarily in the realm of arcane technologies and technical staff. Today, enterprise security is an everyday concern from the corner office to the boardroom and financial services institutions are finding it increasingly difficult to manage security in-house.

Information security is often viewed as being too important to trust to an outsourcing arrangement. Financial institutions have reasoned responsibility for security risks to and accountability of an institution, its board, and its management team cannot be placed in the hands of third parties.

At CIO Update.

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