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ARTICLE · 17 NOVEMBER 2016

New Guidance On IT & Cybersecurity Risks For Financial Firms

Mason Hayes & Curran LLP
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The Central Bank has recently published new guidance for financial firms on IT risk management and cyber security.

IrelandTechnology
Fionán Breathnach
Fionán Breathnach
Enda McGeever
Enda McGeever
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The Central Bank has recently published new guidance for financial firms on IT risk management and cyber security. The Guidance applies to all regulated firms in Ireland and follows on from a Central Bank letter in September 2015 to investment firms, fund service providers and stock brokers in relation to cybersecurity.

The new guidance published by Central Bank of Ireland (the "Central Bank") is entitled "Cross Industry Guidance in respect of Information Technology and Cybersecurity Risks" (the "Guidance").

The Guidance covers four main areas: IT governance by boards and senior management, IT risk management, cyber security and outsourcing. 

Focus on IT & cybersecurity risks

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