The IT Law Wiki

Cyber risk management

32,284pages on
this wiki
Add New Page
Talk0 Share

Definitions Edit

Financial market Edit

Cyber risk management is

[t]he process used by an FMI to establish an enterprise-wide framework to manage the likelihood of a cyber attack and develop strategies to mitigate, respond to, learn from and coordinate its response to the impact of a cyber attack. The management of an FMI's cyber risk should support the business processes and be integrated in the FMI's overall risk management framework.[1]

General Edit

Cyber risk management

seeks to influence human behaviour and norms, as well as technical controls and machine-to-machine interactions, and aims to coordinate activities and processes to prevent unwanted consequences.[2]

References Edit

  1. Guidance on Cyber Resilience for Financial Market Infrastructures, App. A, at 24.
  2. Partnering for Cyber Resilience: Risk and Responsibility in a Hyperconnected World-Principles and Guidelines, at 14.

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Also on Fandom

Random Wiki