Central Banking

CPMI and Iosco raise ‘serious’ concern over cyber security flaw

cyber protection

Two global standard-setting bodies have warned major financial market infrastructures (FMIs) have vulnerabilities in their cyber security.

In a study of cyber resilience, the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (Iosco) raised one “serious issue of concern” and four “issues of concern”. “Considering their aggregate impact, these (serious) issues of concern seem to pose clear challenges for FMIs’ cyber resilience,” the

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