18 Oct 2016
The Group of Seven industrial powers (Britain, Canada, France, Germany, Italy, Japan and the United States) agreed on a set of cybersecurity guidelines for the financial sector.
The document includes 8 recommendations which are drawn from the established best practices for cybersecurity:
- Cybersecurity Strategy and Framework
- Governance
- Risk and Control Assessment
- Monitoring
- Response
- Recovery
- Information sharing
- Continuous Learning
The guidelines instruct governments to ensure that they police their own cyber security readiness as well as that of companies they regulate, and that public and private institutions continually update their defenses.
The goal of the guidelines was also to get firms and regulators across the world to approach risks the same way.
In Europe, the need to increase knowledge sharing on cyber risks and response practices has been previously highlighted during the DG-CONNECT (EC) workshop, Cloud Security Workshop: Building Trust in Cloud Services – Certification and Beyond.
Read WISER's takeaways from the Cloud Security Workshop: Building Trust in Cloud Services – Certification and Beyond on Linkedin.
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