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.
- 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 ArticleHKMA Updates List of Service Providers Under OTC Derivatives Regime
The European Commission (EC) published three Delegated Regulations (2021/2153, 2021/2154, and 2021/2155) to supplement the Investment Firms Directive (IFD or Directive 2019/2034).
The Financial Stability Board (FSB) published a report that presents results of the sixth non-bank financial intermediation monitoring exercise in the Americas.
The Bank for International Settlements (BIS) published the December issue of the Quarterly Review, which analyzes the non-bank financial intermediation mechanisms that could undermine financial stability.
The Bank of England (BoE) opened the Alternative Liquidity Facility, or ALF, for deposits from the participating UK-based Islamic banks for the first time.
APRA issued a letter on the loss-absorbing capacity (LAC) requirements for domestic systemically important banks (D-SIBs) and published a discussion paper, along with the proposed the prudential standards on financial contingency planning (CPS 190) and resolution planning (CPS 900).
The European Banking Authority (EBA) launched three consultations on technical aspects of the revised framework capturing interest rate risks for banking book (IRRBB) positions, with the comment period ending on April 04, 2022.
The European Commission (EC) launched a call for evidence, until March 18, 2022, as part of a comprehensive review of the macro-prudential rules for the banking sector under the Capital Requirements Regulation (CRR) and Directive (CRD IV).
The European Banking Authority (EBA) published the sample of banks for the mandatory Basel III monitoring exercise, which will refer to the December 2021 data.
The Board of Governors of the Federal Reserve System (FED) is adopting a proposal to revise and extend for three years the Complex Institution Liquidity Monitoring Report (FR 2052a) for banks.
The Financial Stability Board (FSB) published a report that sets out good practices for crisis management groups.