This report explains the types of threats that financial institutions face, outlines the techniques used by cyber-attackers and summarises key regulatory initiatives and collaborative efforts made by the financial services industry and governments to ward off cyber-attacks.
Accountability and responsibility for cyber-threat management in financial institutions no longer rests solely with IT, but increasingly includes business lines. Across financial institutions, business managers are becoming steadily more instrumental in focusing cyber-security investment decisions to improve the resilience of key systems to hacking attacks. This report helps business managers in financial institutions to understand the fundamental concepts of cyber-security, and provides a guide to what financial institutions must consider when attempting to optimise their organisation’s cyber-resilience.
