In Part 1 of our series on creating a robust cyber security policy, we looked at issues such as employee training, cyber security priorities and focus, monitoring and updating and so on.

Cyber security is often cited to be the biggest threat faced by businesses and governments today. A population and economy that is connected globally has its advantages.

According to PwC’s 2018 Global Economic Crime and Fraud Survey, about half of all organisations across the globe have reported being a victim of fraud or of some sort of economic crime.

The overall regulatory burden is ever increasing and with it the cost of compliance and penalties for regulatory failure.

In one of our previous article, we looked at Europe’s Revised Payment Services Directive – a mechanism designed to revolutionise how payments are made across the EU.