The National Futures Association (NFA) recently approved new mandatory cybersecurity rules for members of the futures industry. Members of the NFA include exchange-traded futures, forex and over-the-counter swaps industries. The rules are in response to recent data security breaches.
The rules require members to implement an information security program, including a security and risk analysis, outline of the safeguards put in place, and security incident detection, investigation and mitigation. The programs also require members to train personnel on data privacy and security and continually evaluate the security program.