FERMA on WannaCry: management of cyber risks should be an enterprise-wide project directed from board level

Statement from FERMA President on WannaCry

The latest cyber attack illustrates clearly that the management of cyber risks should be an enterprise-wide project directed from board level within a sound governance framework. It also shows us that private sector organisations, suppliers of critical IT infrastructure, governments and security agencies must collaborate to build resilience to ever-shifting cyber threats.

FERMA is currently completing an important cyber security initiative in cooperation with the European Confederation of Institutes of Internal Auditing (ECIIA). On 29 June at the European Parliament, we will publish our recommendations for organisations for creating a robust cyber risk governance.

At the FERMA Forum 2017 from 15-18 October in Monaco, Jamie Shea, Deputy Assistant Secretary General for the Emerging Security Challenges Division of NATO will be our closing keynote speaker.

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