G7 governors and ministers set out principles for assessing cyber security

Stronger links: the guidelines list five components that make assessments of cyber security effective

The central bank governors and finance ministers of the Group of 7 advanced economies have set out how financial institutions should assess their cyber security effectively.

The guidelines were agreed on October 12, on the sidelines of the World Bank and International Monetary Fund meeting in Washington, according to a statement by the Bank of Italy. The G7 presidency is currently held by Italy.

The points build on an earlier list in the G7 Fundamental elements of cybersecurity for the financi

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