The company utilizes third-party suppliers and service providers, including ION as its back-office provider. In January 2023, ION experienced a cyberattack that disrupted access to trade management and reporting systems, requiring the company to implement manual processes temporarily. The company recognizes ongoing cybersecurity risks from various attack types, which could result in financial losses, reputational harm, and regulatory consequences. Additional risks include disruptions caused by power outages, human error, natural disasters, and system malfunctions, potentially affecting trade execution, settlement, and reporting.
Marex Group Plc's Comment on Supply Chain
The company utilizes third-party suppliers and service providers, including ION as its back-office provider. In January 2023, ION experienced a cyberattack that disrupted access to trade management and reporting systems, requiring the company to implement manual processes temporarily. The company recognizes ongoing cybersecurity risks from various attack types, which could result in financial losses, reputational harm, and regulatory consequences. Additional risks include disruptions caused by power outages, human error, natural disasters, and system malfunctions, potentially affecting trade execution, settlement, and reporting.
Sources:
Marex Group Plc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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