World Federation of Exchanges
World Federation of Exchanges (WFE) Launches Global Cyber Security Committee
DGAP-News: World Federation of Exchanges / 12.12.2013 / 13:30 --------------------------------------------------------------------- Committee Will Identify and Communicate Global Information Security Best Practices in the Protection of Market Infrastructures Mark Graff, Chief Information Security Officer of NASDAQ OMX, to be Inaugural Chair; Founding Committee Includes Representation From Dozens of Exchanges Across the Globe PARIS, 2013-12-12 13:30 CET (GLOBE NEWSWIRE) -- The World Federation of Exchanges (WFE) announced today the launch of the exchange industry's first cyber security committee with a mission to aid in the protection of the global capital markets. The working group will bring together representation a number of exchanges and clearinghouses across the globe, to collaborate on best practices in global security. The Cyber Security Working Group will be chaired by Mark Graff, Chief Information Security Officer, NASDAQ OMX and vice-chaired by Jerry Perullo, Vice President, Information Security, IntercontinentalExchange (ICE). The founding committee members include: -- Australian Securities Exchange -- BM&FBOVESPA -- CME Group -- The Depository Trust & Clearing Corporation (DTCC) -- IntercontinentalExchange (ICE) -- International Securities Exchange (ISE) -- NASDAQ OMX -- NYSE Euronext ICE -- Saudi Stock Exchange -- Singapore Exchange -- SIX Swiss Exchange -- Toronto Stock Exchange 'The creation of this committee group is a significant milestone for the global exchange community,' said Ravi Narain, Chairman of the Working Committee. 'Cyber security is a crucial issue to global markets, and paramount for maintaining market integrity and resiliency. We are pleased with the positive collaboration in this committee, which will transcend competitors and regions in order to tackle key issues and present best practices, and we believe that the formation will universally benefit the financial markets of the world.' In addition to developing cyber security best practices, the Cyber Security Committee will focus on the following principles: -- Establishing a communication framework among participants based on mutual trust; -- Facilitating information sharing, including threat intelligence, attack trends, and useful policies, standards and technologies; -- Enhancing dialogue with policy makers, regulators and government organizations on cyber threats for fair, transparent and efficient markets; -- Supporting improved defenses from both external and internal cyber-based threats against the markets. 'I'm proud to be working with some of the brightest information security officers in the exchange industry around the world,' said Graff. 'We are tasked with a significant goal: to build universal best practices and partner with third-parties to combat systemic cyber abuse to ensure the resiliency and strength of our capital markets. I look forward to addressing this head on with the founding committee and new members alike.' ABOUT THE WFE: The World Federation of Exchanges is the trade association for the operators of regulated financial exchanges. With 62 members from around the globe, the WFE develops and promotes standards in markets, supporting reform in the regulation of OTC derivatives markets, international cooperation and coordination among regulators. MEDIA CONTACTS: -- WFE: Sibel Yilmaz, +33 (0) 1 58 62 54 03, syilmaz@world-exchanges.org -- IntercontinentalExchange (ICE): Brookly McLaughlin, +1 312 836 6728, brookly.mclaughlin@theice.com -- NASDAQ OMX: Ryan Wells, +1 646-581-4286, ryan.wells@nasdaqomx.com -- Intermarket Communications: Stephanie DiIorio, +1 212-754-5181, sdiiorio@intermarket.com News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 12.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: World Federation of Exchanges France ISIN: US9902928491 End of News DGAP News-Service --------------------------------------------------------------------- 244518 12.12.2013
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