CFTC Holds Roundtable Discussion on Cybersecurity and System Safeguards Testing (with Delta Strategy Group Summary)

The CFTC held a public roundtable discussion to review system safeguards-testing requirements and to consider how best to leverage enhanced system safeguards-testing requirements.

Panelists addressed the need for testing in the current cybersecurity environment, as well as the effectiveness of certain types of system safeguards testing and associated risk assessment practices, including (i) vulnerability and penetration testing, (ii) key controls testing and (iii) business continuity-disaster recovery testing.

Panelists expressed concern over the interconnectedness of the financial system, and requested better information sharing within the industry to improve investigations into best practices regarding cyber attacks.

Click here for a meeting summary prepared by Delta Strategy Group.

See: CFTC Meeting Agenda.