Cybersecurity Scenario Workshop - 2020
On November 10th, the FIA's Market Technology division moderated its fourth annual cybersecurity scenario workshop. This year, the event was held via teleconference to provide social distancing. The workshop was developed by Tellefsen and Company in concert with an FIA working group.
Each year, the workshop presents a futures industry-specific cyber disruption that poses systemic risk to the market and to participants. This time, FIA presented a scenario where a domestic terrorist group attacked a major data center complex.
Representatives from major futures commission merchants, proprietary trading firms, exchanges, clearing houses, hedge funds and key service providers attended. The workshop was attended by a cross-section of 34 industry participants, representing 18 FIA member organizations.
The annual cyber event is designed to heighten industry awareness to the importance of proper planning and coordination of a response to significant business interruptions, and to identify additional resources that may be required to better prepare and facilitate incident response and coordination in the future.
Here is the link to the story and the summary: