In 2019, Carnegie’s Cyber Policy Initiative launched a project to develop an ‘International Strategy for Cybersecurity and the Global Financial System (2021-2024)’ released in November 2020. Most of the initiatives undertaken by governments and industry following the 2016 Bangladesh incident had been reactive lacking a more long-term, coherent vision for how to protect the financial system against cyber attacks. To make the sum larger than its parts, the Carnegie project built on existing efforts, identified gaps, and outlines a more comprehensive approach to maximize the impact of existing activities, strengthen the connective tissue between them, and to propose next steps. This includes outlining how emerging best practices and lessons learned could be internationalized and implemented.
An international advisory group provided input and feedback throughout the project in addition to Carnegie’s engagement with 200+ stakeholders and the partnership with the World Economic Forum established in February 2020.
The final report is available here.
The executive summary is available here.
In Partnership With:
To protect the financial system against cyber threats, this project by Carnegie’s Cyber Policy Initiative provides innovative research, actionable policy proposals, and regular updates on key developments for decisionmakers in government and industry as well as other stakeholders.
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