G7 sets common cyber-security guidelines for financial sector

13 October 2016

On Tuesday the Group of the Seven industrial powers agreed on guidelines for protecting the global financial sector from cyber-attacks.  Although the guidelines are not binding for the financial sector they will definitely make a difference:

Cyber security receives at last the governmental attention which is required to safeguard the global economy. This is long overdue, hopefully not too late because it will take some years until the global financial system has implemented the guidelines.

The initial work is done. Now some more governmental attention is required to ensure international competitiveness at a high level. Lots of work to do for the Group of the Seven industrial powers.

Have a good day.