Challenge:
A commodities trading firm with trading desks in several regions of the world relied heavily on real-time pricing and logistics systems. Leadership was concerned that cyber threats could halt trading activity, but risk management around cyber was fragmented between IT and operations.
Solution:
We worked with the management to define cyber risk appetite, identify critical assets (trading platforms, messaging systems, terminal access, etc.), and map key threat scenarios. We then developed a cyber risk management strategy aligned with enterprise risk management, introduced a simple, board-level cyber risk dashboard, and suggested certain incident response procedures.
Result:
Cyber risk became a managed, visible category within the firm’s overall risk profile. The board received consistent reporting, cyber controls were prioritized in line with business impact, rather than driven solely by technology considerations.
A commodities trading firm with trading desks in several regions of the world relied heavily on real-time pricing and logistics systems. Leadership was concerned that cyber threats could halt trading activity, but risk management around cyber was fragmented between IT and operations.
Solution:
We worked with the management to define cyber risk appetite, identify critical assets (trading platforms, messaging systems, terminal access, etc.), and map key threat scenarios. We then developed a cyber risk management strategy aligned with enterprise risk management, introduced a simple, board-level cyber risk dashboard, and suggested certain incident response procedures.
Result:
Cyber risk became a managed, visible category within the firm’s overall risk profile. The board received consistent reporting, cyber controls were prioritized in line with business impact, rather than driven solely by technology considerations.