CCPs seen as reluctant to report cyber attacks

Clearing houses urged to share information in aftermath of cyber security lapses

cybersecurity

Central counterparties (CCPs) need to do a better job of reporting cyber security breaches in order to increase the resilience of the sector against potential threats, say industry veterans and cyber security experts. The warnings follow the release of the Guidance on cyber resilience for financial market infrastructures (FMIs), a consultation published jointly by the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-Iosco) in