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dmt1997325
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Joined: 04 Dec 2017
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PostPosted: Fri Jan 12, 2018 5:58 pm    Post subject: their formula Reply with quote

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Submitted 2014-01-05 18:24:50 On August 7, Depository Trust & Clearing Corporation (DTCC) released a report identifying threats to the stability of the financial markets. DTCC considers cyber-attacks that can bypass U.S. and E.U. industry security systmes and laws to be the most significant danger to our markets today.

Mike Leibrock, DTCC Vice President, of Systemic Risk stated that the report is intended “to initiate robust dialogue and help market participants gain a deeper understanding of how new or evolving systemic risks might impact the safety and soundness of global financial markets, and the steps the industry needs to take”.

DTCC’s report emphasizes that the systemic risks facing the global financial services industry are growing in complexity and are more difficult to anticipate. DTCC’s report also finds that regulatory safeguards are either years from implementation or create new forms of risk that are constantly evolving.
Cybersecurity
DTCC’s report identified cybersecurity risks as the top systemic threat facing global financial markets and associated infrastructures, including the threat of Distributed Denial of Service attacks, attacks against systems containing transaction records, and risk of disclosure of restricted, confidential or material non-public Information via compromise of internal systems.
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valangar
Grand Master Ninja
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Joined: 30 Mar 2018
Posts: 18347



PostPosted: Tue Apr 10, 2018 10:06 pm    Post subject: Reply with quote

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