Capital Market
According to a study published by the International Organization of Securities Commissions (IOSCO) research department and the World Federation of Exchanges office, around half of the world’s securities exchanges were the subject of cyber-attacks last year.
Cyber threats in capital markets may lead to manipulation of order management systems leading to incorrect feeds, false orders/ non-submissions, and corruption of trade surveillance systems thus enabling manipulative, illegal and abusive trade practices. All this can result in triggering automated rogue trading strategies, thereby increasing the chance of flash crashes. The cybersecurity landscape for asset and wealth management firms is also fraught with an array of threats aimed at stealing or compromising clients’ investment or personal data. With the growing adoption of wealth management applications on mobile and via cloud-based services, attacks like DDOS, ransomware and phishing are gaining popularity.
Cyber Threat Landscape
Capital markets firms have more types of cybersecurity tools at their disposal today than ever before, and it’s increasingly difficult to determine which of these tools are truly needed for any particular environment. Monetizing the budgetary value of individual security expenditures is incredibly challenging for IT security teams, so it may not be feasible to make purchasing decisions on that basis. Rather, financial institutions must assess where their security weaknesses are and identify the tools that can mitigate these weak links efficiently and cost-effectively. However, threats continue to intensify, so they need to periodically reassess their security posture and identify tools that can augment or replace existing solutions. This can help them avoid the data breaches that have led to significant losses and major embarrassment for other financial institutions. Based on today’s threats and security tools, most capital markets firms will find the greatest benefit from focusing on four core security areas: web security, advanced persistent threat detection, security resource consolidation and virtual environment security.
Offered Services
Cyber Security Consultancy
Cybersecurity threats are inevitable and unpredictable. Enterprises must have a cybersecurity strategy to deal with risks to prevent future breaches and mitigate their impact.
Security Operations Center
A security operations center (SOC) is a facility that houses an information security team responsible for monitoring and analyzing an organization’s security posture on an ongoing basis.
Risk Management
Today’s leaders need meaningful cyber situation awareness to safeguard sensitive data, sustain fundamental operations, and protect national infrastructure.
Threat Intelligence
Cyber threat intelligence covers knowledge of cyber threats and threat actor groups that impact cybersecurity.
Incident Handling
Incident response is the approach an organization or more specifically an IT security team takes in handling an incident or breach of a system or multiple systems.
Vulnerability Assessment
Identifying vulnerabilities in internet-facing systems is an important first step for any organisation to improve their security posture and is central to effective cyber risk management.
Cyber Security Curriculum
Training is an essential element in the development of individuals and teams that are prepared to protect governmental, military, and commercial institutions from cyberattacks
Cyber Security Awareness
The threat of Social Media Phishing is real, and businesses must ensure they fully understand the potential role played by social media in facilitating cybercrime.
Road to Certification
Cybersecurity certification requires the organizations following certain set of standard procedures and compliance checklists developed by industry experts to be followed.
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