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Bryan Foss the Bank of England, PRA and FCA have issues an update to UK FIs about the threat that cyber attacks pose UK institutions and effective practices in operational resilience self assessments of systemically important institutions. To add other firms in the industry.
As recent events have highlights the threat that cybersecurity and operational resilience events have caused and are likely to impact the UK as geopolitical tensions rise.
The paper identified the Cyber response and recovery capabilities FIs should consider left and right of bang, including the oversight of third party providers that deliver critical business services. ensuring that third party’s resilience capabilities are equivalent to those they would expect from their own infrastructure.
The paper highlights capabilities any organisation should consider, whether they are from financial services or otherwise.
@Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan
Veritas GRC Bank of England Financial Conduct Authority
#cybersecurity #operationalresilience
https://lnkd.in/eKzaikTh
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