Clearing Houses Vulnerable to Cyber Attacks, Maijoor Warns

The clearing houses that help facilitate trillions of dollars of trades are an alluring target for cyber terrorists, the Netherlands’ top financial markets regulator said on Wednesday, as he urged greater vigilance.

Steven Maijoor, the Dutch National Bank’s executive director for supervision, said clearing houses demonstrate several characteristics that “make them an attractive target for nation-state actors who want to cause maximum disruption.”

This “does not mean that market infrastructure parties are currently being attacked,” he told an audience at ISDA’s annual general meeting in Amsterdam. “But given the geopolitical situation, tomorrow’s reality could be different.”

While banks’ resilience ...