Cyber Working Group

Scope

Cyberattacks on the securities markets are still relevant and occurring. ISSA has published three papers in the last 24 months, addressing the idiosyncratic risks faced by Securities Services providers. New threats arise which may cause the group to reform. However, at the moment the WG is dormant. If you become aware of a risk which is not addressed in the prior papers, and is unique to the Securities Services industry, please let Colin Parry know and the group will reform to address these issues.

As part of the exploration of Cyber issues, the WG will have a Cyber focused workshop in September looking at the interactions between our clients; i.e. the asset owners, investment managers, custodians and CSDs. This is open to the Cyber WG members and will include and insurance perspective on Cyber risks.

Working Group Co-Chairs

• Andrew Smith, BNY Mellon
• Jennifer Cryan, Citigroup
• Thomas Koch, SIX Group

Milestones

Workshop in September 2021 to explore the interactions between our clients.

Reports

Institutions represented by Experts in the Working Group

• BNY Mellon
• Citigroup
• Clearstream
• Deutsche Bank
• DTCC
• Euroclear
• HSBC
• ISSA
• Monte Titoli
• NSDL India
• SEB
• SIX Group
• Standard Chartered Bank
• Strate
• SWIFT
• UBS
• Unicredit