Danish FSA publishes new cyber security strategy

The Danish Financial Supervisory Authority (FSA) has published a new strategy for the financial sector’s cyber and information security for 2022-2025.

It noted that the Centre for Cyber Security had warned that the level of threats to the financial sector was very high and that, for several years, the biggest risks were IT-related risks and threats to cyber security.

The new ‘Strategy for the financial sector’s cyber and information security’ builds on the work of the 2019-2021 strategy.

It will focus on understanding, by securing a knowledge base that supports the protection of critical IT infrastructure, defence, by developing the ability to defend IT infrastructure and maintain operations in crisis situations, and connection, through cooperation between companies and authorities across the other areas of action in the strategy.

"The strategy focuses on promoting the robustness of the financial sector's IT systems,” said FSA deputy director, Karen Dortea Abelskov.

“This applies to both the individual companies' systems, and the cooperation across the sector and public authorities.”

Denmark’s Forsikring & Pension (F&P) welcomed the new strategy and said it looked forward to contributing to realising its objectives.

“In order to maintain the robustness of the financial sector, the socially critical IT infrastructure must be accessible, trustworthy and stable, so that companies and citizens can have justified trust in the financial system,” said F&P head of talisation policy, Sigrid Floor Toft.

“F&P supports this [collaborative] approach, and we look forward to helping to realise the strategy's objectives.

“Active cooperation internally in the financial sector as well as with actors in other socially important sectors is a prerequisite for achieving the goal of robust protection of the financial sector's socially important functions.”

    Share Story:

Recent Stories

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows