ESRB calls for European cyber incident framework

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Europe’s financial regulators should create a framework to deal with systemic cyber incidents, the European Systemic Risk Board recommended on January 27.

The organisation’s proposed pan-European systemic cyber incident co-ordination framework, or EU-SCICF, would seek to co-ordinate the efforts of European Union authorities and other international bodies.

“Major cyber incidents have the potential to corrupt information and destroy confidence in the financial system, and they may therefore pose

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