CFTC to reinforce Cyber Security by holding Roundtable


4 March, AtoZForex.com, Amsterdam — With the ever-growing issues of Cyber security worldwide, the Forex industry can’t neglect these concerns and have to take measures. In response to these concerns the CFTC, US Commodity Futures Trading Commission, has recently announced to hold a public “Round table” for the testing on System Safeguards and Cyber security.

Reportedly, the roundtable for CFTC to reinforce Cyber Security is organized on the 18th of march, 2015, at the CFTC’s headquarters venue located in Washington; 1155 21st St. NW. The official hours for the effective roundtable are between 9:00 a.m. to 5:00 p.m. A remarkable fact is that the occasion will be open publically, with a first-come and first-serve precedent. The participants for the roundtable will consist out of the following segments:

  • Registered entities,
  • Market participants,
  • Industry associations,
  • Proven organizations with expertise on cyber security,
  • Other government agencies with relevant expertise

In more detail upon the roundtable, the focus lies upon various Cyber security subjects, and is divided over four panels, which are fit into a timetable for the entire day.

Kicking off with the discussion related to the need for testing in the current cyber security environment, the CFTC will encourage market participants to provide their critical viewpoints. The second panel will focus upon the vulnerability and penetration testing, whilst the third panel discusses the key controls testing. Last but not least, the closing panel will query the participants to provide their perspectives on the disaster recovery/business continuity testing.

In overall, the CFTC is keen on finding out the best practice for leveraging these discussed requirements, in order to satisfy the regulatory requirements, whilst enhance transparency for the involved parties. Once the roundtable is concluded, a transcript of proceedings will be published on the CFTC’s website, shortly after.

Think we missed something? Let us know down in the comments section.

    Share Your Opinion, Write a Comment