The World Federation of Exchanges, which represents more than 200 exchanges, clearinghouses and other market infrastructure operators, published a set of cyber-resilience standards in April. The new standards, which are voluntary, are meant to ensure alignment and common minimum standards for trading venues around the world.
The standards build out a set of cyber-resilience principles that the WFE issued last September. The standards cover eight key areas: strategy and framework; governance; risk identification; protection and controls; monitoring and detection; response and recovery; information sharing; and testing, situational awareness, learning and evolution.
“These guidelines serve as the building blocks upon which WFE members and other global market infrastructure providers can base their individual approaches to cyber,” said Nandini Sukumar, WFE’s chief executive officer.
