CRI’s “Profile” Continues to Achieve Global Recognition
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 Profile as “a benchmark for cybersecurity and resiliency in the financial services industry.” Initiatives like the Profile were included in this report on the basis of their implementation in at least two EU member states. This is not only an honor for CRI but also a recognition of the Profile’s reputation among global regulators and the potential for its far-reaching expansion.
“Earning this validation, for which we are very grateful, less than a year after the launch of CRI demonstrates tremendous progress and momentum for the Profile as a global convergence tool and necessary asset for compliance professionals,” said Josh Magri, Managing Director of CRI. “We are already in the process of incorporating major European regulatory issuances from the European Banking Authority and the European Central Bank, which will further increase the value of the Profile within Europe.”
This report was developed through research conducted directly by ENISA, as well as a survey conducted in 2020 that was targeted to financial entities, and through the feedback of ENISA’s Expert Group on Finance. The Profile and all of the other initiatives mentioned are working “to address current needs of financial entities with respect to cybersecurity.”
The Cyber Risk Institute (CRI) is a not-for-profit coalition of financial institutions and trade associations operating as a subsidiary of Bank Policy Institute. CRI is working to protect the global economy by enhancing cybersecurity and resiliency through assessment standardization. Its Cyber Profile tool is the benchmark for cyber security and resiliency in the financial services industry. Learn more at cyberriskinstitute.org.