OREANDA-NEWS. Today the Bank of Russia publishes the Statement of members to the SWIFT Oversight Forum ‘On Cyber Resistance of the Financial Ecosystem.’ It was a joint effort with the Bank of Russia in the wake of 2015-2016 incidents with SWIFT infrastructure.

The statement focuses on the importance of information security measures which are carried out by institutions with SWIFT network access as an element of information security of the financial system as a whole. The Forum recommends that such financial institutions be guided by SWIFT recommendations and they should deepen the study of cyber resistance issues.

Much attention is also given to effective information security risk management which includes the use of both technical controls and relevant corporate governance mechanisms.

Within the framework of interaction with central (national) banks of EAEC member states the Bank of Russia forwarded the statement to Armenia, Belarus, Kazakhstan and Kyrgyzstan which are not represented at the Forum and also to Tajikistan and Uzbekistan.

The SWIFT Oversight Forum is set up by the Bank of Belgium with participation of delegates from national (central) banks of member states of the Committee on Payments and Market Infrastructures of the Bank for International Settlements.