Finance security in the EU: ENISA hosts 21st meeting of EU FI-ISAC

The FI-ISAC Chairman Bruce Nikkel and FI-ISAC secretary Stephan Glaus opened the meeting by presenting new developments for the group.

More than 30 experts from banking institutions, law enforcement agencies and national CSIRTs of EU and EFTA countries, ECB, Europol and ENISA, discussed new evolutions in financial cyber environment.

Some of the topics discussed were:

• cyber-criminal activity affecting the financial community;
• vulnerabilities, technology trends and threats;
• incidents and case-studies.

Highlights of the workshop include ENISA’s presentation on new ways to support ISACs in the EU, as well as interesting new developments in information sharing. In addition, representatives from other sectorial ISACs, namely energy and aviation, presented how other sectors are working towards responding to cyber-related issues.

Moreover, in relation to the finance sector, Europol presented information on the current status of cybercrime in the EU, and showcased the key findings and recommendations of its Internet Organised Crime Threat Assessment (IOCTA).

Additionally, the Greek Cybercrime unit presented the current local cooperation models between banks and law enforcement, and gave interesting examples of cases relevant for the country.

Finally, the FI-ISAC and ENISA discussed about strengthening the role and tasks between the two entities.