Bank of Canada collaborates with private sector on cyber defence

Bank of Canada facade

The Bank of Canada is partnering with the private sector to strengthen the cyber security of the financial sector.

The new group, the Canadian Financial Sector Resiliency Group (CFRG), is responsible for co-ordinating a sector-wide response to systemic-level operating incidents, such as cyber risks.

Led by the Bank of Canada, the group brings together systemically important banks and market infrastructure providers, along with the government’s department of finance and the country’s main

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