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G-7 Releases Follow-Up Report on Fundamental Elements for Cybersecurity Assessment

  • G7 Image

Oct 13, 2017

On October 13, 2017, G-7 finance ministers and central bank governors released a report titled "G-7 Fundamental Elements for Effective Assessment of Cybersecurity in the Financial Sector" to provide guidance on G-7 countries’ (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) expectations for effective cybersecurity assessments for the financial sector.

They aim to build greater financial system resilience by supporting private and public entities as they design and implement cybersecurity policies and operating frameworks. The G7FE are nonbinding, high-level building blocks that provide the foundation for private and public entities, as they develop their approach to cybersecurity, supported by their risk management and culture.

Review the press release and the report on US Department of the Treasury's website.

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