Cybersecurity
Audit Trail Could Boost Cybersecurity Threat, Exchanges Say
- CBOE’s Concannon sees little benefit gained for greater risk
- SEC facing calls to delay CAT until security can be ensured
This article is for subscribers only.
Stock exchanges could become more exposed to cyberattacks through a trade database being built to help U.S. regulators police markets, industry executives said Tuesday.
NYSE Group Inc. and CBOE Holdings Inc. officials speaking at a conference in Washington questioned whether the Securities and Exchange Commission should push back the Nov. 15 deadline for exchange operators to begin feeding information to the Consolidated Audit Trail until it can ensure that sensitive data can be protected.