The market for derivatives clearing and prime services has undergone significant structural change over the last few years. Financial regulators around the world are placing a greater onus on top management to set and take accountability for effective cybersecurity policies and programs. The per capita cost of a data breach is higher for financial institutions than most other industries. There is an opportunity for firms to take a quantum leap forward by investing in new technologies that are tailored to modern businesses and aligned with the current regulatory environment.IBM Security released a joint white paper with Promontory and Minium to help Derivatives Clearing and Prime Services providers address challenges related to compliance, legacy systems, security and more.”]
Source: https://securityintelligence.com/what-is-the-way-ahead-for-derivatives-clearing-and-prime-services/