Supervisory ICT Risk and Cybersecurity Supervisory ICT Risk and Cybersecurity Responsible for the supervision of licence holders in the areas of ICT Risk & Cybersecurity and the management of risks associated with ICT outsourcing, collectively the area of digital operational resilience. FIND OUT MORE

Supervisory ICT Risk and Cybersecurity

Information and Communications Technology (ICT) has become a critical dependency for organisations and people alike. Inevitably, we are seeing an increased interest in ICT risk and Cybersecurity by standards organisations, policymakers, and regulators worldwide including within the financial services industry.

ICT risk and Cybersecurity continue to present significant challenges to, and potential severe consequences on, the resilience, performance, and stability of financial systems and economies, as highlighted by European and international Boards and Committees. We are also seeing an increased relevance on third party dependencies and risks associated with ICT outsourcing as part of ICT risk management.

The Authority places substantial importance on ICT risk and Cybersecurity which remains a cross-sectoral priority. The establishment of the Supervisory ICT Risk and Cybersecurity function as a cross-sector supervisory function was a critical milestone. The function works closely with the other supervisory functions and is responsible for the supervision of licence holders in the areas of ICT risk and Cybersecurity and the management of risks associated with ICT outsourcing, collectively the area of and Digital Operational Resilience.

Supervisory ICT Risk and Cybersecurity