Iosco considers response to ‘growing threat’ of cyber risk

cybersecurity
Iosco urges securities firms to keep on top of cyber risks

Firms and regulators need to prepare defences against the "growing and significant threat" posed by cyber risk, the International Organization of Securities Commissions (Iosco) said on April 6.

"In a highly interconnected and interdependent financial ecosystem, cyber attacks may have systemic implications for the entire financial system, and also affect over time the trust on which financial markets are built," the organisation said.

However, work in identifying, preventing and responding to

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