CPMI-IOSCO release cyber guidance

The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) today released the final report Guidance on cyber resilience for financial market infrastructures.

It describes this Cyber Guidance is the first internationally agreed guidance on cyber security for the financial industry, developed against the backdrop of a rising number of cyber attacks against the financial sector and in a context where attacks are becoming increasingly sophisticated.

“This is a landmark report for the financial industry,” said Benoît Cœuré, Chairman of the CPMI. “FMIs have come to the fore as financial sector hubs at a time when cyber resilience is a key priority for the financial industry. This is indeed a timely document, and FMIs should take action immediately to implement its recommendations.”