Nasdaq Stockholm, Clearing Fined by Swedish Regulator for Lax Security

[kreslik.news]

There presently exists a wide disparity in the levels of security and risk management deployed at institutional venues amidst a rising specter of cyber crime. Unfortunately, not all groups take this threat seriously, as Nasdaq Stockholm and its derivatives clearing operation found itself facing a SEK 55 million ($6.0 million) fine for lax security measures.

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Swedish regulatory authorities are in the midst of a crackdown to help shore up cyber security protocols in the country. Like many other regulators worldwide, an uptick in cyber crime has ... (read more)