January 3, 2024 (NO COMMENTS)

Controls focus on basic cyber hygiene, but communicating the risk remains a challenge

Resilience may be the new watchword for the world’s largest exchanges and clearing houses – the generalised ability to repel or rebound from any calamity – but there are some bugbears so horrible that they demand more specific attention. One of these is the threat of a crippling cyber attack that identifies the firm as a weak link in the markets it serves – or, worse, becoming the conduit for a system-wide assault. Resilience risk FMIs rank: 3 Top 10 rank: 3 Number of benchmarking respondents: 6 Wher