Secure Financial Market Infrastructures (S/FMI)

Financial market infrastructure is the worst affected part of FinTech institutions. It witnesses most of the cyberattacks that have a devastating impact on its essential components. The essential financial market infrastructure components such as payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories have several vulnerabilities and financial risks that may lead to cybersecurity risks in its essential components, especially the payment systems. It is of utmost importance to secure financial market infrastructures so that the national and cross-border businesses are not disrupted. This chapter presents available security services and mechanisms to secure financial market infrastructures. Finally, it presents a mapping of each financial market infrastructure component with security objectives to help secure financial market infrastructures.