On Apr. 23, ECB updated on G7 Cyber Expert Group Apr. exercise.
ECB issued update on G7 Cyber Expert Group cross-border coordination exercise that took place on Apr. 17, 2024, G7 authorities routinely carry out such cyber exercises.
Primary objective of exercise was to strengthen ability of G7 financial authorities in communicating and coordinating their respective responses to facilitate crisis management in event of significant cross-border incident affecting the financial sector.
Exercise built on simulations, workshops on cyber incident response and recovery.
To optimize coordination, exercise assumed large-scale cyber attack on financial market infrastructures and entities in all G7 jurisdictions, included authorities, firms.
In conducting such exercises, G7 Cyber Expert Group aims to bolster financial sector's resilience, minimize disruptions across all G7 jurisdictions, allow authorities to prepare.
Cross-border coordination, incident response preparedness, information exchanges remain G7 priorities, Group ready to respond to cyber threats to financial system.
Regulators
ECB; FR CB; G-7; GE BaFin; GE GVT; ITA CB; UK Treasury
