Financial Sector’s Cybersecurity : Regulations and Supervision

The Financial Sector’s Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the deba...

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Bibliographic Details
Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	INTERNET SECURITY FINANCIAL SERVICES E-SECURITY FINANCIAL INTEGRITY FINANCIAL STABILITY FINANCIAL PROTECTION DENIAL OF SERVICE ATTACK FINANCIAL MARKET INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY INFORMATION TECHNOLOGY
Online Access:	http://documents.worldbank.org/curated/en/686891519282121021/Financial-sector-s-cybersecurity-regulations-and-supervision http://hdl.handle.net/10986/29378

id	okr-10986-29378
recordtype	oai_dc
spelling	okr-10986-293782021-06-14T10:10:20Z Financial Sector’s Cybersecurity : Regulations and Supervision World Bank Group INTERNET SECURITY FINANCIAL SERVICES E-SECURITY FINANCIAL INTEGRITY FINANCIAL STABILITY FINANCIAL PROTECTION DENIAL OF SERVICE ATTACK FINANCIAL MARKET INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY INFORMATION TECHNOLOGY The Financial Sector’s Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are necessary, the Paper goes on to discuss the essential coordination between financial sector authorities and other state agencies in dealing with cyber risk. It then moves on to the topic “taxonomies” as we all need to have a common language when speaking about cybersecurity to avoid any misunderstanding. Next sections discuss the issue of reiterating, or in some cases redefining, the responsibilities of the Board, Senior Management, and the Information Security Officer, specifically in Dealing with cybersecurity. Next, a prominent feature in many supervisory/regulatory practices is the role of incident response and recovery, as well as requirements of tests and simulations. Lastly, the paper covers the managing of outsourcing risk. 2018-02-27T16:53:25Z 2018-02-27T16:53:25Z 2018-02 Report http://documents.worldbank.org/curated/en/686891519282121021/Financial-sector-s-cybersecurity-regulations-and-supervision http://hdl.handle.net/10986/29378 English Finance, Competitiveness & Innovation Insight Series CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INTERNET SECURITY FINANCIAL SERVICES E-SECURITY FINANCIAL INTEGRITY FINANCIAL STABILITY FINANCIAL PROTECTION DENIAL OF SERVICE ATTACK FINANCIAL MARKET INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY INFORMATION TECHNOLOGY
spellingShingle	INTERNET SECURITY FINANCIAL SERVICES E-SECURITY FINANCIAL INTEGRITY FINANCIAL STABILITY FINANCIAL PROTECTION DENIAL OF SERVICE ATTACK FINANCIAL MARKET INFRASTRUCTURE INFORMATION AND COMMUNICATION TECHNOLOGY INFORMATION TECHNOLOGY World Bank Group Financial Sector’s Cybersecurity : Regulations and Supervision
relation	Finance, Competitiveness & Innovation Insight Series
description	The Financial Sector’s Cybersecurity: Regulation and Supervision identifies prevalent concepts and practices and presents them in a way for financial sector authorities to consider and apply to their respective jurisdictions. Starting with the debate of whether cyber-specific regulations are necessary, the Paper goes on to discuss the essential coordination between financial sector authorities and other state agencies in dealing with cyber risk. It then moves on to the topic “taxonomies” as we all need to have a common language when speaking about cybersecurity to avoid any misunderstanding. Next sections discuss the issue of reiterating, or in some cases redefining, the responsibilities of the Board, Senior Management, and the Information Security Officer, specifically in Dealing with cybersecurity. Next, a prominent feature in many supervisory/regulatory practices is the role of incident response and recovery, as well as requirements of tests and simulations. Lastly, the paper covers the managing of outsourcing risk.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Financial Sector’s Cybersecurity : Regulations and Supervision
title_short	Financial Sector’s Cybersecurity : Regulations and Supervision
title_full	Financial Sector’s Cybersecurity : Regulations and Supervision
title_fullStr	Financial Sector’s Cybersecurity : Regulations and Supervision
title_full_unstemmed	Financial Sector’s Cybersecurity : Regulations and Supervision
title_sort	financial sector’s cybersecurity : regulations and supervision
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/686891519282121021/Financial-sector-s-cybersecurity-regulations-and-supervision http://hdl.handle.net/10986/29378
_version_	1764469196452790272

Financial Sector’s Cybersecurity : Regulations and Supervision

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