Tougher cyber rules could hit third parties

Firms might pull back as outside services get harder to police

laptop-cyber-online-security

Consultants are welcoming regulators' 'get tough' approach to the financial industry's cybersecurity standards, saying this could nudge market participants to increase pressure on their third-party providers and rethink risk transference.

The US Securities and Exchange Commission's (SEC) office of compliance inspections and examinations (OCIE) has issued risk alerts on cybersecurity. Meanwhile, the New York State Department of Financial Services (NYDFS) has outlined potential new cyber

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: