The government of Canada recently announced its endorsement of the Group of Seven’s (G7) Fundamental Elements of Cybersecurity for the Financial Sector guidelines. These guidelines are designed to assist organizations, particularly in the financial sector, in designing and implementing a cyber security framework.
The non-binding guidelines identify eight basic building blocks for establishing a strong focus on cyber security:
- Implement a cyber security strategy
- Risk assessments
- Information sharing
- Continuous learning
While the G7 guidelines are aimed at business that operate in the financial sector, they are useful in summarizing basic cyber risk management practices. To learn more about these guidelines, click here.
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