From zdnet.com
The securities markets — trading in stocks, bonds, equities, debt, derivatives, and the like — face the highest level of cyber threat of all financial markets, according to a new report from BAE Systems.
“This is due to the large numbers of participants and infrastructures in that market, the complexities of their interactions, and inherent characteristics such as long chains of custody, unstructured communications and trusted practices — all of which combine to provide opportunities for APT [advanced persistent threat] groups to exploit,” the report said.
BAE’s analysis focused on the secondary securities markets of over-the-counter and exchange trading, rather than the primary markets where new securities are issued, because there’s more activity, more market infrastructure operations, and more participants.