OSFI releases new framework to strengthen financial institutions' resilience to cyber-attacks
Retrieved on:
Friday, April 21, 2023
The Intelligence Led Cyber Resilience Testing (I-CRT) framework outlines a methodology and serves as an implementation guide for federally regulated financial institutions (FRFIs) conducting I-CRT assessments.
Key Points:
- The Intelligence Led Cyber Resilience Testing (I-CRT) framework outlines a methodology and serves as an implementation guide for federally regulated financial institutions (FRFIs) conducting I-CRT assessments.
- The I-CRT approach is used globally by regulators to enhance financial institutions' technology and cyber resilience against sophisticated attacks.
- Under the I-CRT framework, OSFI provides guidance and oversight throughout the assessment, while FRFIs manage overall testing.
- "Implemented appropriately, the I-CRT framework will strengthen federally regulated financial institutions' ability to withstand sophisticated cyber-attacks.