EBA: Publishes guidelines on ICT and security risk management

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EBA: Publishes guidelines on ICT and security risk management

EBA: Publishes guidelines on ICT and security risk management

  • These Guidelines establish requirements for credit institutions, investment firms and payment service providers
  • Management of their information and communication technology (ICT) and security risks and aim to ensure a consistent
  • The increasing digitalisation in the financial sector and the growing interconnectedness across financial institutions
  • As a result, sound ICT and security risk management are key for a financial institution to achieve its strategic and reputational objectives
  • Guidelines set out expectations on how all financial institutions should manage internal and external ICT and security risks they exposed
  • These Guidelines set out expectations on how all financial institutions should manage internal and also external ICT
  • Therefore Guidelines addressed to credit institutions and investment firms as defined in the Capital Requirements Directive (CRD)