Cyber resilience strategy for financial market infrastructures: pillar 1
The ECB has put in place the first pillar of the Eurosystem’s strategy to ensure the cyber resilience of financial market infrastructures. Following a survey conducted in 2017 and early 2018, the ECB has developed Cyber Resilience Oversight Expectations (CROE), which help to put into practice the CPMI-IOSCO guidance on evaluating the current level of cyber resilience of each financial market infrastructure. To complement these expectations, the ECB has established a European framework for Threat Intelligence-Based Ethical Red Teaming (TIBER-EU). Red teaming involves simulating an attempt to compromise an entity by mimicking the tactics of real-life adversaries.