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G7 Issues Fundamental Elements Of Cyber Security For Financial Sector

Wednesday, October 19th, 2016

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The Group of Seven bloc of industrial nations the week of Oct. 10 issued a communiqué outlining eight high-level, non-binding “fundamental elements” of cyber security for the financial sector that are meant to be building blocks for strong network security.“The elements serve as the building blocks upon which an entity can design and implement its cybersecurity strategy and operating framework, informed by its approach to risk management and culture,” says the Oct. 11 statement issued by the G7 finance ministers…

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