IN 2019
43%

i.e. 165 million Europeans lacked basic digital skills
while there were

4000

ransomware attacks per day
and

98%

of cyber attacks rely on social engineering

“Public-private cooperation is essential when it comes to effectively fighting digital cross border crimes.

Wim Mijs
Wim MijsEBF CEO

“Cybercriminals know no borders. This is why we will continue to support cooperation and exchange of information between law enforcement authorities and make sure they have the right tools and skills to address the challenges of the digital age.”

Margaritis Schinas
Margaritis SchinasVice-President of the European Commission for Promoting our European Way of Life

“There can be no successful digital innovation in banking or any other sector, if it’s not based on cybersecurity and digital operational resilience.”

Alexandra Maniati
Alexandra ManiatiDirector of Innovation & Cybersecurity

“Member States have come to agree on the need to increase cooperation and make joint efforts to develop a common approach meant to strengthen the European cyberspace.”

Juhan Lepassaar
Juhan LepassaarENISA Executive Director

“At the highest level of the organisation [cybersecurity] has to be on your agenda every day, because without being aware of it, of what is going on, you cannot run the business anymore.”

Catherine de Bolle
Catherine de BolleEuropol Executive Director
EUROPEAN COMMISSION’S DORA PROPOSAL (2020): EBF POSITION

EBF position on the Commission’s DORA proposal (2020): Key points

The adoption of innovative technology by European banks requires a balance between a reliable and consistent framework of financial regulation and flexibility to adapt to changing business models. The inherently cross-border nature of digital service solutions needs to be addressed by banks, regulators, and digital service providers on common ground, looking for the secure facilitation of financial service innovation across Europe. An appropriate and harmonized pan-European legal framework is key to facilitate the adoption of innovative technology.

Consequently, the EBF welcomes the European Commission’s aim to enhance operational resilience in Europe. The financial industry’s own considerations will benefit from more harmonized ICT-related rules at the European level, aligned with the existing supervisory framework today. Detrimental fragmentation of the regulatory framework should be avoided, addressing risks consistently and proportionately across European jurisdictions without hampering the financial industry’s ability to apply innovative services.

With this position paper, the EBF addresses the proposal for a Regulation on digital operational resilience for the financial sector, as published by the Commission in September 2020. Full position available HERE

EBF’s strategy on the digital transformation of banks comprises a number of workstreams; underlying them all is Cybersecurity

The main objective of EBF’s work on Cybersecurity is to safeguard the integrity of banking networks and the trust of customers.

EBF’s actions to achieve this objective include:

–  Contribution to shaping a European legislative, regulatory & supervisory environment that is more harmonized and conducive to the fight against cybercrime

–  Promotion of initiatives to facilitate information sharing on cyber threats

–  Activities to raise awareness on cybersecurity issues and to enhance cybersecurity skills for bank employees and customers

EU INITIATIVES
INTERNATIONAL INITIATIVES
EBF ACTIONS & POSITIONS
EBF CYBERSECURITY CONFERENCE

CYBERSECURITY AWARENESS & SKILLS

Take control of your digital life. Don’t be a victim of cyber scams!

EC3-EBF CyberScams campaign

Cybercriminals are constantly looking for ways to make money at your expense. Individuals and organisations often fall prey to frauds that involve various forms of social engineering techniques, where the information required is garnered from a person rather than breaking into a system.

These scams are typical examples of how cyber attackers can easily play on people’s psychology and perceptions. The tips provided here are aimed to help you protect yourself. Awareness is your best defence! Lear more 

No More Ransom campaign

Skills and awareness in the digital space are essential also for personal security. The EBF Digital Skills strategy is therefore very closely linked with its work on cybersecurity. EBF has joined forces with Europol EC3, the European Cybercrime Center of the EU Agency for Law Enforcement Cooperation, promoting awareness on digital security and cybercrime. EBF is also regularly supporting the European Cybersecurity Month, organised by ENISA every year in October.

For more information