IOSCO warns about cyberattacks on securities markets

The staff of the International Organisation of Securities Commissions has released a report warning that cyberattacks on exchanges and other market infrastructure could threaten the financial system. The report also says cyberattacks have become more sophisticated and more difficult to defend against. "While cybercrime in securities markets has not had systemic impacts so far, it is rapidly evolving in terms of actors, motives, complexity and frequency," according to IOSCO.

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