Regulators Cite Cyber Attack Risks for Financial Firms

Malicious cyber attacks are increasingly aimed at core infrastructure of the securities markets and could present risks to the entire financial system, according to a research report released Tuesday by a group of international securities regulators.

The report, by staff of the International Organization of Securities Commissions, warns that cyber crime has become significantly more sophisticated, making it more challenging to defend against. Hackers are increasingly focusing on destabilizing attacks, particularly financial exchanges, with the aim of damaging public websites and online services. The report said hackers have yet to knock out critical systems or trading platforms that form the backbone at exchanges.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »