More than half of the world's securities exchanges had experienced a cyber attack in the last year. a report by the main global body of market regulators said on Wednesday. The said threats through and to computer systems of financial firms should be considered as a potential "systemic risk," with an ability to hurt the financial system at large. The report "Cybercrime, Securities Markets and Systemic Riskwas issued by researchers at the International Organization of Securities Commissions (IOSCO), in conjunction with the industry trade group World Federation of Exchanges (WFE). "While cyber-crime in securities markets has not had systemic impacts so far, it is rapidly evolving in terms of actors, motives, complexity and frequency," the report said. "The number of high profile and critical ‘hits’ is also increasing." In a survey the world's financial exchanges, the report found that 53 said they had experienced an attack in the last year. The attacks so far were mostly disruptive
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