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Cyber-Crime Continues to Test the Post-Trade Industry
Article • December 09, 2025
KEY HIGHLIGHTS
- Cyber-crime poses an escalating financial and systemic risk to financial institutions and the post-trade industry with projected costs reaching $15.63 trillion by 2029
- The increasing sophistication of cyber-attacks alongside stringent global regulatory actions highlights the critical need for advanced cyber-security measures and robust incident response
- Financial institutions are focused on proactive cyber-risk mitigation strategies including enhanced third-party oversight AI-driven threat detection and resilient recovery protocols to safeguard operations against future cyber threats
Geopolitical risk may be the biggest threat facing financial institutions today, but cyber-crime is not far behind in second place. In 2010, cyber-attacks shaved around $100 billion off the global economy1 – fast-forward 15 years, those costs have risen by more than 100-fold to $10.5 trillion, and they are expected to shoot up even further – potentially hitting $15.63 trillion by 2029.2 Responsible for safekeeping trillions of dollars in cash and securities, custodians and central securities depositories (CSDs) are prime targets for cyber-criminals.
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