In this Executive Focus interview, Michelle Frasher and Travis Selmier discuss with Joseph Cannataci, one of Europe's top experts in technology law. Cannataci summarizes his 30-year experience: "In the 1980s it was computer law, by the 1990s it became advice and communications technology (ICT) law, and today it's commly known as information technology (IT) law. Basically, if there is a processor in it, we are interested."
As Cannataci explains, banks' IT strategies must not only economically encompass security technology, and also the law, but also adapt changes in the law as their info crosses national borders.
Legal and governmental strictures should be considered with proprietary, internal systems that live behind a bank's firewalls and with the interbank transport systems that enable banks to connect with each other as they shift cash within and across borders. Combining the legal complexities of private data, reporting requirements, and demands from national and authorities security administrations with customers' needs is very difficult. One cannot but sympathize with the private financial data challenges facing international banks and financial institutions.
PUBLICATION DATE: November 15, 2013 PRODUCT #: BH574-HCB-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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