Fighting cyber threats: G7 Cyber Expert Group publishes fundamental principles

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Oct 21, 2016

On October 21, 2016, the G7 Cyber Expert Group published its fundamental elements of cyber security for the financial sector.

In announcing the G7‘s fundamental principles, the European Commission recognised the work of the G7 Cyber Expert Group in responding to the increasingly sophisticated cyber threats being faced by the financial sector.

The G7's fundamental principles are designed to assist both private and public sector financial entities in addressing the risks of cyber-attacks against such financial organisations. It is also expected that these fundamental principles will assist public authorities in steering any public policy, regulatory or supervisory obligations.

The report consists of eight non-binding elements that are intended to provide high-level guidance to support financial entities in creating cyber security strategy and policies.

Review a summary and the report on the European Commission's website.

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