Financial Sector and Cloud Security Providers Complete Initiative To Enhance Cybersecurity A joint trade initiative identifies roles and responsibilities between firms and cloud security providers, establishing a mutually beneficial framework for cybersecurity. Washington, D.C.—The Cyber Risk Institute (CRI), the Cloud Security Alliance (CSA), and the Bank Policy Institute-BITS announced today the release of a cloud … Continued
Axio Joins with Cyber Risk Institute to Deliver Cybersecurity Resilience to Financial Services Institutions Across the Globe New York, NY and Washington, DC — February 2, 2022 — Axio, a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition … Continued
Version 1.2 dramatically expands the reach of the Profile, incorporating key international cyber expectations for the financial institutions. Today, December 14, 2021, the Cyber Risk Institute (CRI) released Version 1.2 of the Profile: https://cyberriskinstitute.org/the-profile/. The CRI Profile is a widely accepted cyber security regulatory compliance framework. This release is the largest update to the Profile … Continued
With the announcement of the commitments to improve cybersecurity by the participants of the 8/25 meeting at the White House, CRI appreciates President Biden’s determination to improve the overall cybersecurity of our nation and especially that of our critical infrastructure. There is a shared responsibility between owners and operators of critical infrastructure, and the government … Continued
Washington, D.C. – On April 28, 2021, the Reserve Bank of New Zealand listed the Cyber Risk Institute Financial Services Cybersecurity Profile (the Profile) in its Guidance on Cyber Resilience as one of its recommended frameworks for cyber compliance. Josh Magri, Managing Director of CRI, issued the following statement in response to the Reserve Bank’s … Continued
Washington, D.C. – Today, the European Union Agency for Cybersecurity (referred to by its original acronym, ENISA) recognized the Cyber Risk Institute Financial Services Cybersecurity Profile (the Profile) in a new report published to outline major cybersecurity initiatives that could benefit financial services participants as they navigate the EU cybersecurity landscape. The report describes the … Continued
Washington D.C. — On Nov. 12, 2020, the Cyber Risk Institute (CRI) released an update to its Profile to expand the Profile’s offerings and increase its utility for a vital segment of the financial services industry – insurers and the insurance industry. This Version 1.1 incorporates the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook … Continued
Yesterday, the Cyber Risk Institute (CRI) sent a letter to the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) that acknowledged the inclusion of the CRI Cybersecurity Profile[1] within a report on operational resilience issued jointly by the three agencies. In this letter, CRI … Continued
Washington, DC – Ahead of a planned summit in January, the World Economic Forum (WEF) FinTech Cybersecurity Consortium — a consortium made up of the world’s most prominent technology companies, governments and international non-government organizations — published a report on July 23 identifying the Cyber Risk Institute (CRI) — launched in May 2020 by the Bank … Continued
The Commission is the latest to voice its support for the Profile, which helps financial institutions develop and maintain cybersecurity risk management programs. Washington, DC – In an official statement today, the Commodity Futures Trading Commission (CFTC) listed the Cybersecurity Profile — previously maintained by the Financial Services Sector Coordinating Council (FSSCC) and now developed … Continued
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