EC Announces Kick-Off Meeting for Cybersecurity Certification Group
EC and the European Agency for Cybersecurity (ENISA) announced establishment of the Stakeholders Cybersecurity Certification Group (SCCG), which held its first meeting on June 24, 2020. The aim of the Group is to create market-driven certification schemes and help reduce fragmentation among existing schemes in the EU member states. The European cybersecurity certification framework enables creation of tailored and risk-based EU certification schemes. The certification will provide European companies with the necessary tools to demonstrate that their products and services have state-of-the-art cybersecurity features.
The Group was established under the Cybersecurity Act of 2019 to advise EC and ENISA on strategic issues regarding cybersecurity certification and to assist EC in the preparation of the EU rolling work program. The Group consists of representatives from an array of organizations that include academic institutions, consumer organizations, conformity assessment bodies, standard developing organizations, companies, trade associations and many others. EU is working in building the necessary cybersecurity capabilities to prevent and counter the ever-changing cyber threats and attacks. In line with the Cybersecurity Act, EC and ENISA will co-chair the meetings of the Stakeholder Cybersecurity Certification Group. ENISA will also provide the secretariat of the Group. In principle, the Group should meet three times per year.
Related Links
- Notification
- Overview of Stakeholder Cybersecurity Certification Group
- Overview of Cybersecurity Certification Framework
Keywords: Europe, EU, Banking, Securities, Insurance, Cybersecurity Act, Cybersecurity Certification, Cyber Risk, ENISA, EC
Previous Article
HKMA Updates List of Service Providers Under OTC Derivatives RegimeRelated Articles
EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
EC Mandates ESAs to Propose Amendments to SFDR Technical Standards
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
EBA Examines Supervisory Practices, Issues Deposits Reporting Template
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
US Agency Publications Address Basel, Reporting, and CECL Developments
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
SEC Extends Comment Period on Climate Risk Disclosures
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
APRA Reduces Committed Liquidity Facility, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
CMF Consults on Basel Rules, Presents Roadmap to Address Climate Risks
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
PRA Issues Statement on NPEs and Policy on Trading Activity Wind-Down
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
EBA Updates Standards for 2023 Benchmarking of Internal Approaches
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
EIOPA Responds to Stakeholder Views on Blockchain in Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.