Cyber crime
Bank of England Warns on Cyber Threat to Markets
The Bank of England (BoE) has published its report on Waking Shark II, an exercise designed to test the resilience of wholesale financial markets against cyber attacks. While it found that participants reacted well, more could be done to improve…
High Time for Cybercrime
Tackling issues head on.
Financial Industry Faces Up to Cybersecurity Challenges
While the internet has revolutionized nearly every aspect of the financial markets, it carries with it an implicit level of risk that has only recently started to be properly examined by institutional trading firms. But when it comes to cybersecurity,…
The World is at War (Online)
Dealing with the increasing threat from cyberspace.
Exchanges Recognize Cyber Threats but Have Defensive Measures in Place
More than half of all worldwide exchanges have suffered a cyber attack in the last year, according to a survey by the International Organization of Securities Commissions (Iosco). Iosco released the results as part of a joint working paper with the World…
Liability Protection, R&D Needed After Cybersecurity Executive Order
One of the Obama Administration's first actions in the new term is proving controversial. All parties agree on the perils of hacking, but financial firms are skeptical that regulating cybersecurity, alone, is the right approach.
Beyond DDoS: Advanced Persistent Threats Linger After al-Qassam
After recent cyber attacks on US financial firms, the conversation has focused on distributed denial of service (DDoS) strikes. But firms need to acknowledge that DDoS is simply a means; the ends suggest something more complicated.