G-7 Issues High-Level Cyber Guidance For Banks

G-7 Issues High-Level Cyber Guidance For Banks

In the wake of online attacks on SWIFT, the G-7 group of leading countries published the first high-level, non-binding guidance to establish transnational standards for cybersecurity.  The guidance involves eight principles: (1) cybersecurity strategy and framework; (2) governance; (3) risk and control assessment; (4) monitoring; (5) response; (6) recovery; (7) information sharing; and (8) continuous learning. [10/20/16]

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