Let’s grow the third-party risk playbook – CME security chief
CrowdStrike outage highlights need for financial sector to adjust its game plan
The recent CrowdStrike outage, which sent shockwaves through global IT systems, has thrust third-party risk into the public eye. The event halved interest rate derivatives trading across the globe. But while such risk has long been a concern for the financial industry, it has yet to hone its approach.
Bethany Netzel, head of operational resilience and global security at CME Group, is key among a group of industry peers working to re-evaluate the sector’s now decade-old operational risk playbook.
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