Amid the many other initiatives it is pushing, the CFTC is taking the threat of cyber-attacks very seriously for the clearinghouses, exchanges and other market infrastructure organizations it oversees, according to Timothy Massad, chairman of the U.S. regulatory agency. At the Futures Industry Association (FIA) conference in Chicago this week, Massad outlined the CFTC’s efforts… Read More >>
Soltra Venture Debuts Cyber-Threat Sharing Platform
Soltra Edge, an automated, cyber-security threat-sharing platform has been officially launched via the Soltra joint venture of the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the DTCC, officials say. The Soltra Edge software solution collects cyber threat intelligence from a variety of sources, converts it into a standardized language and enables users to… Read More >>
Fear of Cyber-Attacks Rises Among Financial Services Firms
A new DTCC survey finds that financial services firms now cite cyber-security issues as one of their top concerns as the frequency of major cyber-attacks and security breaches has increased. A “record 84% of respondents” to the post-trade services utility’s Systemic Risk Barometer named cyber-risk as one of their top five concerns, which represents an… Read More >>
Firms Brace for Grim, New Normal of Cyber-Attacks
The outlook for effective cyber-security strategies appears increasingly grim for financial services firms, especially in the wake of the recent massive breach at JPMorgan that saw cyber-criminals make off with gigabytes of sensitive data. Analysts and information security experts say that attack underscores the “new normal” that firms – even ones like JPMorgan that already… Read More >>
Responding to the Cyber-Crime Monster
As financial services firms contemplate their responses to the growing cyber-security threat, it’s clear they can’t take on this monster alone. The problem requires a global response to show perpetrators that the industry is seriously taking on cyber-crime. On an individual level, banks such as JP Morgan, Citigroup, Bank of America Merrill Lynch and the… Read More >>
Getting Serious about Cybersecurity
Major regulators, industry authorities and the White House are finally getting serious about cybersecurity. They are taking steps to help those financial services firms that are late to the game and offering support for those firms that already have strategies to fend off cyber-attacks. Last week, the Obama Administration auspiciously launched the Cybersecurity Framework, which… Read More >>
