HSBC and Australian crypto platform Swyftx invest in early-career cybersecurity talent through training programs.
In the CFD and broader fintech sectors, financial firms operate 24/7 and handle large volumes of sensitive data, making them attractive targets for cybercriminals. In response to rising cybersecurity threats, multi-asset broker XM has launched a new 12-month graduate program focused on cybersecurity to address these growing digital risks.
Germany’s financial regulator BaFin recently reported a 17.5% increase in IT-related incidents among payment service providers in 2023. The total number of reported cases reached 235, with about 95% resulting from internal operational failures rather than external attacks.
E-banking and mobile banking were the most affected services, disrupting over €52 billion in transactions. A few severe incidents accounted for much of this disruption. BaFin also identified third-party service providers as a significant vulnerability, linking 40% of incidents to outsourced operations.
XM’s graduate scheme follows a rotational model. Participants gain experience across departments such as Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term DevOps, Data Science, System Engineering, and Compliance.
The program culminates with a placement in XM’s Information Security team, where graduates work on real-time cybersecurity Cybersecurity Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Cybersecurity is a blanket term that refers to the protection of computer systems and networks from the theft.More broadly speaking, cybersecurity can also represent countermeasures against damage to hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.It was not long ago that the term cybersecurity not exist as it was first used in 1989. In today’s vernacular cybersecurity, refers to measures taken to protect a computer or computer Read this Term tasks including threat intelligence, detection, response, and network defense. Training also covers tools like Extended Detection and Response and Security Orchestration, Automation, and Response.
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This initiative places XM alongside other financial firms investing in early-career cybersecurity roles. HSBC, for example, offers a two-year graduate program in cyber technology, providing experience in penetration testing, red and blue team simulations, and threat modeling.
The program is available in locations such as Mexico. Meanwhile, Australia’s crypto platform Swyftx hires graduate analysts to monitor threats, respond to incidents, and manage security tools in a hybrid setting based in Brisbane.
