ECB publishes European framework for testing financial sector resilience to cyber attacks

ABBL Published 03.05.2018
The European Central Bank (ECB) published on 2 May 2018 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 TIBER-EU framework facilitates a harmonised European approach towards intelligence-led tests which mimic the tactics, techniques and procedures of real hackers.

 

In order to assess the protection level, detection and resilience of financial market entities, TIBER-EU based tests simulate a cyber attack on an entity’s critical functions and underlying systems, such as its people, processes and technologies. Tests will be tailor-made and will not result in a pass or fail – rather they will provide the tested entity with insight into its strengths and weaknesses, and enable it to learn and evolve to a higher level of cyber maturity.

 

The ECB document on “how to implement the European framework for Threat Intelligence-based Ethical Red Teaming” may be downloaded here.

New ABBL Technical Committee

The ABBL is about to set-up a new ABBL Technical Committee handling “Trust and Cyber Security” issues.

A call for application will be sent to interested ABBL Members mid-May 2018 by the ABBL Secretariat.

 

 

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