Consortium of companies led by Citigroup, DTCC and Zurich Insurance Group AG to develop cyber security standards for fintechs

The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…