The Asian Banker

Recent IOSCO survey finds cyberattacks posing increasing systemic risk to securities markets
Exchanges and CCPs must keep track of complexity of cyber crime techniques, attacks utilising social engineering, and average detection times for complex attacks.

Jul 25, 2013 | Magessan Raj

According to a recent survey undertaken by International Organisation of Securities Commissions (IOSCO) and World Federation of Exchanges (WFE), more than half of the world’s securities exchanges – 53% to be exact – have fought off cyber attacks over the past year. These attacks differed from traditional financial sector crimes such as fraud or theft; being instead mainly disruptive attacks such as viruses or denial of service (DoS) attempts.

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Categories: Exchanges, Markets & Exchanges, Operational Risk & Security, Risk & Compliance, Risk and Regulation, Technology & Operations
Keywords: IOSCO, WFE, DoS, CCP, Systemic Risk, Social Engineering, APT
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