Mitigating Risk, Seizing Opportunity
T echnological innovations were driving speed at The develop broad-based mechanisms to address the industry’s cybersecurity weaknesses, and these mechanisms expanded to include interactions with regulatory and national security authorities. The firm’s objective of making sure its systems were secure against cyberattacks would be an ongoing effort. For DTC, there was zero margin for error. Its systems had to be robust and bulletproof. Depository Trust Company (DTC), which opened the firm up to different forms of risk, including cybersecurity attacks. To address this, DTC began employing some of the best consultants in the country to penetrate its computers and test its systems to look for any vulnerabilities. DTC also worked with major participants to
Much of The Depository Trust Company’s (DTC) success derived from its ability to recognize when it needed to make the necessary turns to clear the firm’s vision. By remaining nimble and innovative, DTC was able to effectively identify and address serious risks related to the financial markets it served. (Photo by Jo Wiggijo courtesy of Pixabay.)
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