Around half of the world’s securities exchanges were the target of cyber-attacks last year, according to a paper based on a survey of 46 exchanges released on Tuesday.
The prevalence of attacks along with the interconnected nature of the markets creates the potential for widespread impact, said the joint staff working paper by the International Organization of Securities Commissions’ (IOSCO) research department and the World Federation of Exchanges Office.
“There could be systemic impacts … from cyber attacks in the securities markets, especially considering that our financial system is relying more and more on technological infrastructure,” the report’s author, Rohini Tendulkar of the IOSCO Research Department, said in an interview.
SOURCE: foxbusiness.com
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Experts Insight On US Pipeline Shut After Cyberattack
Most Active Commenters
Recent Comments
“Cybersecurity Awareness Month’s new evergreen theme "Secure Our World” is…
“Avoid storing data on personal devices: A crucial but often overlooked…
“I recommend a new nuance to passwords that isn’t often…
“In my role overseeing cloud environments and incident response, I'm…
“Cybersecurity Awareness Month serves as a reminder to confront the…