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A paper definitely worth reading from the International Monetary Fund on Good Practices in Cyber Risk Regulation and Supervision. In response to the growing threat of cyber attacks on financial stability. Consolidating approaches adopted across Financial Services regulations and capturing Governance, risk management, controls, oversight, and assurance.
As highlighted in the report, one of the most important capabilities required for cyber regulation is governance and internal controls. The role of the board in the oversight and assurance of cyber risk is critical, and can only be delivered when there is a program for the management of control effectiveness.
@Thaddeus Dziekanowski Brian D. McCarthy
#financialstability
https://lnkd.in/e8bdWybn
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