Don't underestimate Mifid IT security, warn experts.

The article reports that failure of financial institutions to comply to the requirements under the Markets in Financial Instruments Directive (Mifid) concerning information technology (IT) security may subject them to lawsuits in Great Britain. It was inferred that Mifid focuses on maintaining the integrity of data and security of electronic records involved in performing business operations. However, it states that despite the arguments on the ambiguities in the directive, businesses should ensure that computer systems protect company records against breaches. It shows the importance of carrying out business strategies towards effective management of technology architectures and IT security.