The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium have joined forces for the establishment of a specialised computer emergency response team (CERT) to combat cyber threats in the country’s financial services industry.
The new team, known as Certfin, will operate in compliance with the principle of public-private sector cooperation, with an aim of countering cyber crimes connected with the development of new technologies.
Go deeper with GlobalData
It will gather statistics, information and reports and evaluate the phenomena linked to cybersecurity.
Participation in the new cyber response team will be open to various players such as banks, payment service providers, financial intermediaries, market infrastructures and companies, IT and internet infrastructure providers, and insurance firms.
Certfin, which will also liaise with other organisations, will launch various services for financial institutions starting next January. It plans to roll out all services required by the international standards within two years.
A strategic committee chaired by the Bank of Italy and ABI will be responsible for strategic and managerial decisions at Certfin, while an operational unit managed by ABI Lab will coordinate the services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
