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
ESAs Issue Multiple Regulatory Updates for Financial Sector Entities
The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.
ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments
The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.
IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets
The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.
EBA Finalizes Methodology for Stress Tests, Issues Other Updates
The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups
OSFI Sets Out Work Priorities and Reporting Updates for Banks
The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.
APRA Finalizes Changes to Capital Framework, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.
BIS Hub and Central Banks Conduct CBDC and DeFI Pilots
The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.
ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations
The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.
ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector
Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)
EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation
The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)
