Securities firms are foreseeing cybersecurity risks as one of their top concerns for next year as cybers-attacks remain one of their top five risks as revealed in an annual Systemic Risk Barometer Survey done by DTCC officials. Cybersecurity concerns constitute one of the top five risks identified in every survey since 2013 when the DTCC… Read More >>
Global Cyber-Crime Needs a Global Response: IMF
A recent white paper from the Carnegie Endowment for International Peace and the International Monetary Fund (IMF) endorses a global response to ongoing and worsening cyber-attacks upon financial services firms while laying out the specifics of the current worldwide situation. Spoiler alert: The current global situation is not good. To address the expected rough times… Read More >>
Protecting Trade Secrets from Cyber Threats
The Obama administration is tackling cyber-based economic espionage from foreign sources such as the Chinese government. The White House focus has been on major, mainstream businesses with some attention paid to financial services firms. While denial of service attacks have been plaguing firms and exchanges, protecting trade secrets from cyber threats is still high on… Read More >>
