Europol and the European Banking Federation launch awareness campaign on 7 most common online financial scams Europol’s European Cybercrime Centre (EC3), the European Banking Federation and their partners from the public and private sector are kicking off today the #CyberScams awareness campaign as part of the European Cyber Security Month Over the next week, law […]

On 22 June 2017, the Financial Conduct Authority (FCA) launched a new fact-sheet entitled ‘Good Cyber Security – the foundations’, aimed at increasing awareness of cyber security risks amongst firms in the financial sector. In particular, the fact sheet draws attention to the increasing rate of cyber attacks and to focus attention on practical steps […]

The Jersey Financial Services Commission (JFSC) has issued a press statement following the recent ransomware campaign relating to version 2 of the “WannaCry” malware which experts are describing as “the biggest ransomware outbreak in history”, affecting more than 200,000 victims in over 150 different countries. The statement says The JFSC has been working over the […]

On 22 September 2016, the FCA published a speech (dated 21 September 2016) by Nausicaa Delfas, FCA Director of Specialist Supervision, on the FCA’s supervisory approach to cyber security in financial services firms. In her speech, Ms Delfas emphasises that cyber security be a shared interest and responsibility for firms and the FCA. The FCA […]

The International Organization of Securities Commissions (IOSCO) has published a report entitled “Cyber Security in Securities Markets – An International Perspective”. The report provides a review of the different regulatory approaches related to cyber security and the potential tools available to regulators to respond to the cyber risk. It also describes some of the practices adopted by market participants […]

The Commission has published regulatory guidance impressing on firms their need to take their responsibilities in respect of cyber security seriously and reminding them of their obligation to report serious or significant incidents to the Commission. The guidance can be found under the Legislation & Guidance sections of the website: Guidance Note on Cyber Security.pdf.

Cyber security is a growing risk for all organisations, and data protection and cyber security issues need to be placed on the board agenda sooner rather than later, and before a cyber breach occurs not as a result of one. Organisations can then take steps to prepare themselves by assessing the specific risks to, and […]

Japanese FSA issues approaches to strengthen cyber security in the financial sector The Japanese Financial Services Agency (FSA) has published a summary of its policy approaches to strengthen cyber security in the financial sector (dated 2 July 2015, published 5 November 2015). A copy of the document (in English) is available. http://bit.ly/1SD6yi3