Virtual Room Opening
Cyber Resilience & Capacity-Building: A Tool Box for Smaller Organizations
by Taylor Grossman, Research Analyst, Cyber Police Initiative. Carnegie Endowment for International Peace.
Financial institutions face growing cyber risks and operate in an increasingly dangerous threat landscape. Very few initiatives focus on helping small- and mid-sized organizations. That is why Carnegie launched a Cyber Resilience Tool Box in 2019 designed to enhance the cyber resilience of small- and mid-sized organizations, in turn strengthening the overall financial sector.
The Tool Box distills existing cybersecurity guidance into actionable one-page guides detailing how institutions can enhance their own security as well as that of their customers and third parties. It also provides guidance on how to manage cyber incidents, ransomware attacks, and workforce development. Along the way, crucial support and guidance can be found through collaboration and exchanges with industry partners, regulators, and supervisors, and public and private cybersecurity organizations.
The Tool Box is also linked to Carnegie’s broader engagement on cybersecurity for financial inclusion. Many digital financial services platforms that drive financial inclusion in developing countries are insecure. Most governments remain unprepared; developing countries are especially under-resourced; and the ecosystem of stakeholders and cyber security support structures is fragmented.
Moderation: Pascal Steichen, CEO, SECURITYMADEIN.LU