Citigroup, Zurich Insurance and Depository Trust & Clearing Corporation have established a consortium to draw up cybersecurity standards for fintechs, following the recent publication of regulatory guidance and rules. Last month, the U.S. Securities and Exchange Commission called for “clearer” cyber risk disclosure and asked companies to adopt specific policies restricting executive trading in shares while a hack was being investigated. The US Securities and Exchange Commission has previously called for clearer disclosure of cyber risk. In an interview with CoinDesk, Mr van der Velde said that while he was not aware of any specific regulation in place at present, there were some general guidelines on how companies should disclose their
Citigroup, Zurich Insurance and Depository Trust & Clearing Corporation have established a consortium to draw up cybersecurity standards for fintechs, following the recent publication of regulatory guidance and rules. The US Securities and Exchange Commission has previously called for clearer disclosure of cyber risk. In an interview with CoinDesk, Mr van der Velde said that while he was not aware of any specific regulation in place at present, there were some general guidelines on how companies should disclose their