How Prop Trading Firms Are Becoming Prime Targets for Cyberattacks
Trading firms have always dealt with risk. Market risk, credit risk, operational risk, these are old concerns that every firm learns to manage early on. But there is a newer kind of risk that has been growing quietly in the background, and it is starting to demand serious attention. Cybersecurity threats are now hitting the trading world harder than ever, and a prop firm, short for proprietary trading firm, sits right in the middle of this storm.