Large exchanges fear impact of cyber attack, Iosco survey finds

Cyber crime key on keyboard

Securities exchanges have so far managed to fend off cyber attack with only minimal damage – but the managers of the largest and most systemically important are doubtful they could survive a concerted attack, a survey released today by the International Organization of Securities Commissions (Iosco) has found.

Most of the 47 exchanges and central counterparties (CCPs) surveyed reported that they had undergone cyber attacks in 2012 (53%; 67% for exchanges in the Americas) but the damage done was

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