Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

10/12/2016
10:00 AM
50%
50%

G7 Nations Plan To Team Up To Tackle Financial Cybercrime

Group of Seven nations' new guidelines include sharing updates by governments, private firms and regulators, plus joint address of shortfalls.

Worries about growing risks from cybercriminals to the interconnected global financial systems has led the Group of Seven (G7) industrial nations to release guidelines directing members how to monitor their cybersecurity practices from a risk management viewpoint, reports Reuters. These principles, reportedly non-binding, are formulated by G7 finance ministers and central banks.

The guidelines were prepared after a study of existing cybersecurity practices and are aimed at identifying weak points in global applications, says Reuters. Governments and financial companies are told to share updates on joint threats and fight breaches from a common platform. These instructions, seen as a necessity after the US Federal Reserve reported more than 50 breaches between 2011 and 2015, also extend to firms and regulators across the world.

"Maintaining trust and confidence in the financial sector significantly improves when entities and public authorities have the ability to mutually assist each other," the guidelines say.

Read the full report at Reuters.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
97% of Americans Can't Ace a Basic Security Test
Steve Zurier, Contributing Writer,  5/20/2019
TeamViewer Admits Breach from 2016
Dark Reading Staff 5/20/2019
How a Manufacturing Firm Recovered from a Devastating Ransomware Attack
Kelly Jackson Higgins, Executive Editor at Dark Reading,  5/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Building and Managing an IT Security Operations Program
As cyber threats grow, many organizations are building security operations centers (SOCs) to improve their defenses. In this Tech Digest you will learn tips on how to get the most out of a SOC in your organization - and what to do if you can't afford to build one.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-5798
PUBLISHED: 2019-05-23
Lack of correct bounds checking in Skia in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to perform an out of bounds memory read via a crafted HTML page.
CVE-2019-5799
PUBLISHED: 2019-05-23
Incorrect inheritance of a new document's policy in Content Security Policy in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to bypass content security policy via a crafted HTML page.
CVE-2019-5800
PUBLISHED: 2019-05-23
Insufficient policy enforcement in Blink in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to bypass content security policy via a crafted HTML page.
CVE-2019-5801
PUBLISHED: 2019-05-23
Incorrect eliding of URLs in Omnibox in Google Chrome on iOS prior to 73.0.3683.75 allowed a remote attacker to perform domain spoofing via a crafted HTML page.
CVE-2019-5802
PUBLISHED: 2019-05-23
Incorrect handling of download origins in Navigation in Google Chrome prior to 73.0.3683.75 allowed a remote attacker to perform domain spoofing via a crafted HTML page.