Boardroom Focus: Communications Compliance
Cisco News, Friday, July 19th, 2024
Communications Compliance is Taking Center Stage in the Boardroom
Within the modern governance landscape in financial services, communications compliance has emerged as a critical issue, spurred by the staggering fines for unmonitored communications that have surpassed $2 billion USD in the United States alone. In February 2024, an additional 16 firms faced SEC fines totaling $81 million, signaling a zero-tolerance stance by regulators against compliance violations.
The Cisco and Theta Lake partnership, established in 2018, reflects a strategic response to these challenges. Theta Lake enhances the security and compliance features of Cisco's Webex collaboration suite. This joint solution ensures institutions can safely harness the power of Webex's functionalities, while significantly reducing the risk of penalties, increasing user satisfaction, and enhancing ROI (return on investment).