The Information Security Standards for the Capital Market (ISSCM) are comprehensive regulatory requirements established by the Israel Securities Authority (ISA) for entities operating across Israel’s capital market. The standards apply to stock exchanges, clearing houses, portfolio managers, investment advisors, and other market participants, providing a unified framework for protecting market infrastructure and participant data.
ISSCM defines a robust, risk-based approach to information security that addresses operational, technological, and governance risks within the capital market ecosystem. The framework is designed to enhance market resilience, safeguard sensitive information, and maintain confidence in the stability and integrity of financial market operations.
Compliance with ISSCM is essential for organizations seeking to meet ISA regulatory expectations while ensuring secure and reliable participation in Israel’s capital markets.
Key Benefits of ISSCM Compliance
- Comprehensive security framework for capital market operations
- Alignment with ISA regulatory and supervisory requirements
- Protection of critical market infrastructure and systems
- Risk-based approach to information security management
- Strengthened confidence among market participants and stakeholders
Core Security Focus Areas
- Market Infrastructure Resilience
Security controls for exchanges, clearing systems, and other critical market infrastructure components. - Participant Security Requirements
Defined information security standards for brokers, advisors, and institutional market participants. - Cyber Threat Management
Capabilities for detection, response, and recovery from cyber incidents affecting market-wide operations.
ISSCM establishes a consistent and enforceable security baseline across the capital market, enabling organizations to manage cyber risks effectively while supporting the stability and trustworthiness of Israel’s financial ecosystem.
