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WEF Systems of Cyber Resilience

Secure and Trusted FinTech

By : World Economic Forum

The FinTech Cybersecurity Consortium formed in 2018. It’s aim was to facilitate the reasonable protection of a dynamic and growing global Financial ecosystem composed of established organizations with high levels of cybersecurity maturity and FinTechs rapidly developing and providing emerging technologies.

The security requirements of each participant in the Financial System vary, sitting along a continuum dependent on the countries in which a firm operates, the services it provides, the customers it targets and its impact on other participants in the market. This has made it difficult to provide smaller firms with guidance to weave cyber-resilience into their business and growth plans.