Let’s grow the third-party risk playbook – CME security chief
The CrowdStrike outage has highlighted the need for the financial sector to adjust its game plan.
The recent CrowdStrike outage, which sent shockwaves through global IT systems, has thrust third-party risk into the public eye. The event halved interest rate derivatives trading across the globe. But while such risk has long been a concern for the financial industry, it has yet to hone its approach.
Bethany Netzel, head of operational resilience and global security at CME Group, is key among a group of industry peers working to re-evaluate the sector’s now decade-old operational risk playbook.
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