image credit: Pixabay

FSB consults on effective practices for cyber incident response and recovery

April 27, 2020

The toolkit of effective practices aims to assist financial institutions in their cyber incident response and recovery activities.

Cyber incidents pose a threat to the stability of the global financial system. In recent years, there have been a number of major cyber incidents that have significantly impacted financial institutions and the ecosystems in which they operate.

A major cyber incident, if not properly contained, could seriously disrupt financial systems, including critical financial infrastructure, leading to broader financial stability implications.

Efficient and effective response to and recovery from a cyber incident by organisations in the financial ecosystem are essential to limiting any related financial stability risks.

Read More on Banking Technology