April 9th, 2018

Large-Scale Cyber-Attacks on the Financial System

Posted at 1:00 AM ET

Cyber-attacks on financial institutions are becoming more frequent, complex, and sophisticated, with potential for far-reaching, systemic impacts. The motivation of cyber-attackers is shifting from purely achieving financial gains to disrupting critical infrastructures, such as through nation-state attacks, which threatens the basis for confidence in the financial system and even national or international stability.

Guy Carpenter sister company Oliver Wyman and Depository Trust & Clearing Corporation have together produced a new report to investigate cross-industry coordination on response and recovery mechanisms to mitigate the systemic consequences of a large-scale cyber-attack.

Click here to read the report >>

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