Working Group
Co-Chairs:
Andy Smith, BNY Mellon
Thomas Koch, SIX
Brett Lancaster, SWIFT


Scope:
Cyber attacks on the securities markets are increasing. Following its report published shortly before SIBOS 2018, the Working Group focuses on establishing best practices for industry response to a key member being incapacitated by a cyber attack. It plans to cooperate with FSARC (Financial Systemic Analysis & Resilience Center, USA) in working out certain use cases.

Milestones:
  • July 2019: Strawman for a framework on “Industry Level Incident Report”
  • September 2019: Finalize draft framework document

Reports:
  • Report "Cyber Security Risk Management in Securities Services" (10/2018) > PDF 929 kB


Institutions Represented by Experts in the Working Group:

  • BNY Mellon
  • Citibank
  • Clearstream
  • Deutsche Bank
  • DTCC
  • ISSA
  • Monte Titoli
  • NSDL India
  • SEB
  • SIX
  • Standard Chartered Bank
  • SWIFT
  • Unicredit