Tue, Dec 11, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cybersecurity threats also hound regulators

Wednesday, April 04, 2018

Komfie Manalo, Opalesque Asia:

Cyrbersecurity threats are real and dangerous. When hackers developed the capability to breach a securities regulator's security, then they too can get to you.

Heather Smith, head of the Investments Supervision and Securities Supervision Divisions at the Cayman Islands Monetary Authority (CIMA), said this is a real threat for regulators globally. She explained that IOSCO recently sponsored a workshop around cybersecurity, where it was highlighted that regulators need to remain vigilant individually and also collectively because "we are a repository for a lot of information."

"Unfortunately, the same challenges and potential areas of weakness exist for regulators as it does for regulated entities and service providers, as the workshop occurred on the same day that the U.S. SEC announced that its EDGAR filing system had been hacked earlier in the year. So cyber threats are a reality and require ongoing engagement by everyone," Smith told participants of the latest Opalesque 2018 Cayman Roundtable.

To provide sufficient data protection, CIMA is building and maintaining a robust cybersecurity framework, Smith said, and she described the agency's IT team as phenomenal. CIMA's IT team is committed to maintaining awareness in this area and regularly run security tests, as well as provide ongoing training ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Northern Trust builds out alternative funds offering on wealth management platform[more]

    Laxman Pai, Opalesque Asia: Chicago-based asset manager Northern Trust has added private market capabilities to supplement the recently launched ArcLine Alternatives platform for the firm's wealth management clients. The administrator of assets worth $10.8tn said in a press note that the priv

  2. New Launches: Fidelity launches water and waste strategy, NewView Capital debuts with $1.35bn fund, Värde Partners raises $400m for Asia Credit Fund[more]

    Fidelity launches water and waste strategy From Investment Europe: Fidelity has unveiled a strategy focusing on sustainable investment opportunities within the water and waste management sectors. The Fidelity Sustainable Water and Waste Fund seeks to deliver strong risk adjusted returns a

  3. Activists: Neiman Marcus creditor steps up attack on MyTheresa transfer plan, Aphria calls shortseller claims 'false and defamatory', Marijuana stock Aphria plummeted as it fought a short seller who called out 'something very sinister'[more]

    Neiman Marcus creditor steps up attack on MyTheresa transfer plan From Business of Fashion: Neiman Marcus is once again feeling the heat. On Monday, one of its creditors - distressed debt investor Marble Ridge Capital - delivered an urgent letter to to the department store group's board

  4. Outlook: The economist who discovered the yield curve's predictive powers says he's getting worried, The 'big squeeze': Ray Dalio, founder of the world's largest hedge fund, breaks down how the next financial meltdown will look different from the last[more]

    The economist who discovered the yield curve's predictive powers says he's getting worried From CNBC: Arturo Estrella and his former Fed colleagues used to watch the relationship between the 10-year Treasury and the 3-month bill. A lot of people have been focused lately on the di

  5. People: Deutsche Bank appoints new country head in Switzerland, London's MENA Capital and Dubai's Al Mal agree collaboration deal, BlueBay appoints new CIO[more]

    Deutsche Bank appoints new country head in Switzerland From Investment Europe: Deutsche Bank has appointed Claudio de Sanctis as the new chief executive officer of Deutsche Bank (Switzerland) Ltd, effective 1 February 2019, after Peter (Pedro) Hinder decided to step down. The appoint