The European Central Bank (ECB) publishes the European Framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU), which is the first Europe-wide framework for controlled and bespoke tests against cyber attacks in the financial market. The ECB promotes the safety and efficiency of payment, clearing and settlement systems in the euro area under its oversight mandate, guided by oversight regulations, standards, guidelines and expectations. At Eurosystem level, the ECB is the competent authority for the systemically important payment systems in the euro area: TARGET2, EURO1 and STEP2-T, and is the lead overseer for TARGET2-Securities; oversight of other payment systems lies with the national central banks.

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Risk managers and insurance buyers have a “narrow window” in which to prepare for the growing threat of cyber crime, says Kyle Bryant of Chubb. The WannaCry ransomware attack which affected businesses and individuals around the world in May this year served as a powerful reminder that vulnerability to cyber crime is the new normal. Continue reading…

by Xavier Verhaeghe

This is probably the coolest time in the history of IT. The sheer number of exciting projects which transform companies or complete industries is astonishing. And many of those transformations are enabled by new innovative uses and capabilities of information technology.

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by Melvyn Morrison

Gino Thielemans has been focusing on cybercrime during the past twelve years as Head of Prudential IT Supervision at the National Bank of Belgium. Before joining the National Bank, Thielemans was an IT auditor at the CBFA. He also previously worked at the CERA Bank as Head of Internal Audit for financial markets, accounting, tax and logistics, and at KPMG as an external bank auditor.

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