In 2023, several major ransomware attacks punctuated how different players in financial markets are deeply linked in an age of automation, sending cyber attacks shooting up as a top nightmare scenario. Securities financing pros told Finadium that it’s not a question of “if and when it happens, it’s more how quickly can we respond” in an environment where “no one can be failproof”.
We spoke with Teresa Walsh, chief intelligence officer and managing director for the Europe, Middle East, and Africa (EMEA) at the Financial Services Information Sharing and Analysis Center (FS-ISAC), about lessons learned and the practical implications of regulatory scrutiny on operational resilience.
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