AMF warns French firms on cybersecurity complacency
French asset managers have been warned that they could be nurturing a false sense of security over their management of cybersecurity risks.
The warning comes from the industry watchdog, the Authorite des Marches Financiers (AMF) following a thematic review.
The regulator noted that while cybersecurity practices have improved, there remains a lack of preliminary work on mapping the most sensitive data.
Based on the principle that only what is well-known is well protected, the regulator stated that this could “allow significant vulnerabilities to persist in the systems inspected, nurturing a false impression of security”.