Tuesday, May 19, 2015 4 years ago ,
The interconnections and infrastructures that enable Global Financial Systems are a critical entry point for a cyber attack, with money transfer systems, market data systems, clearing, settlement and reconciliation systems all making attractive features for unauthorized users.
At this World Bank Seminar, MWR’s Peter Randall will be outlining the realities of this threat.
The increasing frequency and sophistication of recent cyber-attacks against financial and non-financial, public and private, organizations, as well as to key components of the financial markets infrastructure (FMI), has raised the importance of cyber risk preparedness, raising the urgency of having adequate and coordinated responses to prevent and recover quickly from such attacks.
Financial regulators have issued warnings to Sr. Financial Institution Managers to review and test their cyber risk management policies by means of guided self-assessments and steps to identify and reduce cyber-risks in critical areas, as well as to step up other techniques for effective information risk management.
All countries and all financial institutions are at risk of suffering different forms of cyber-attacks and it is important to raise the awareness and preparedness to confront those challenges.
You can find the agenda here