Annual report 2019 from the Financial Sector forum for Operational Resilience
The annual report outlines the results achieved in the Financial Sector forum for Operational Resilience, FSOR, in 2019. For example, you can read about measures taken in relation to COVID-19, an update of the FSOR’s risk analysis for the financial sector as a whole, review of the crisis management plan, increased focus on the involvement of the sector’s vendors, and cooperation across critical sectors in Denmark. In addition, the defence against cyber attacks in the major banks and the vital parts of the financial infrastructure are tested within the framework of TIBER-DK. The aim of this programme is to increase the cyber resilience in the sector and thereby promoting the financial stability.
Risk analysis in the financial sector
Some systemic risks can best be addressed jointly. The Danish financial sector has developed a methodology for prioritising the joint work on cyber risks. The sector works together to identify and address systemic risks on a structured basis. The methodology increases cyber security both for the individual institution and for society as a whole.The methodology may also be used in sectors other than the financial sector.