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Hackers’ jackpot: Mifid heightens cyber risk

Platforms and reporting entities develop individual solutions, but no silver bullet

High-profile hacks have made cyber security a growing focus for the financial industry, with the likes of Bangladesh Bank, Equifax and Tesco Bank falling foul of criminals. A new piece of European legislation is now threatening to add to the risk of a breach by requiring firms to hold and exchange vast amounts of personal data on individual traders and clients.

“People don’t necessarily want to

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