G7 Finance meeting in Washington: agreement on principles for assessing cybersecurity in the financial sector
A set of non-binding principles for the assessment of cybersecurity measures for the financial sector was adopted at the Meeting of G7 Finance Ministers and Central Bank Governors in Washington. The Meeting of Finance Ministers and Central Bank Governors chaired by Italy was held on Thursday, October 12, alongside the Annual Meetings held at the IMF Headquarters in Washington.
During the meeting the G7 Finance Ministers and Central Bank Governors agreed on the adoption of the Fundamentals Elements for Effective Assessment of Cybersecurity for the Financial sector, a set of non-binding principles which national jurisdictions and companies operating in the financial sector can follow to prevent the growing phenomenon of cybercrime.
The effort follows up on what had already been stated in the communiqué of the G7 Meeting of Finance Ministers and Central Bank Governors held in Bari last May.