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The post-trade infrastructure provider wants a “rapid mobilization” commitment from the industry to fend off large-scale cyber-attacks. However, the effort is likely to face key barriers.
In a way, the DTCC is thinking the unthinkable as it advocates for a better coordinated, cross-industry defense against a major cyber-attack that could cripple financial markets. “Ultimately, the industry cannot rely on the low feasibility of cyber-attacks with systemic consequences,” according to a new white paper report from the post-trade infrastructure services and solutions...
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