Skip to main content

Large-Scale Cyber-Attacks on the Financial System

By DTCC Connection Staff | February 21, 2019

The case for better coordinated response and recovery strategies

Cyber-threats against the financial sector have become more frequent, complex and sophisticated. The interconnectedness of individual players further heighten the risk of a large-scale cyber-attack.

Reducing the systemic impact of an attack requires a coordinated, cross-industry effort to develop and implement standards to mitigate the effect of a large-scale attack, according to a white paper published by DTCC and Oliver Wyman. The white paper calls for collective efforts to resolve current weaknesses, mainly related to specific cyber-scenarios and limited industry-wide testing, that could complicate the ability of banks and other financial institutions to react quickly to an attack.

DTCC Connection
Dec 02, 2020 Systemic Risk Barometer: Forecast 2021
White Papers
Feb 06, 2020 Security of DLT Networks
Back to DTCC Connection