Carnegie’s Cyber Policy Initiative is developing an International Strategy for Cybersecurity and the Global Financial System (2021-2024) in partnership with the World Economic Forum. Most of the initiatives undertaken by governments and industry following the 2016 Bangladesh incident have 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, this project will build on existing efforts, identify gaps, and outline a more comprehensive approach to maximize the impact of existing activities, strengthen the connective tissue between them, and to propose next steps. We will also convene relevant stakeholders to explore how emerging best practices and lessons learned could be internationalized and to identify champions for their implementation.
In July 2019, Carnegie convened 50 senior experts from governments, central banks, and industry at Wilton Park to test key assumptions and to determine the strategy’s scope and foundational pillars.
The six pillars forming the foundation of the strategy and follow-up work are:
The goal is to finalize such a strategy by the fall of 2020. In the coming months, we will develop recommendations and different options for each of the six pillars. We will then share a draft strategy with key stakeholders in governments, central banks, and industry in the spring of 2020 to red-team it. An international advisory group consisting of senior representatives from governments, central banks, and industry will provide strategic advice.
|GOVERNMENT AND CENTRAL BANKS||Lyndon Nelson, Co-chair of G7 Cyber Experts Group||Bank of England|
|Paolo Ciocca, Commissioner of CONSOB||CONSOB, Italy|
|Art Lindo, Deputy Director, Division of Supervision and Regulation||Federal Reserve Board, USA|
|Tobias Feakin, Ambassador for Cyber Affairs||DFAT, Australia|
|Yeow Seng Tan, Chief Cyber Security Officer||MAS, Singapore|
|Jon Fanzun, Special Envoy for Cyber Foreign and Security Policy||MFA, Switzerland|
|FINANCIAL INDUSTRY||Cheri McGuire, (former) Chief Information Security Officer||Standard Chartered|
|Buck Rogers, Group Head of Resilience Advisory Function||HSBC|
|Natasha de Teran, (former) Head of Corporate Affairs||SWIFT|
|Rahul Prabhakar, Principal, Security Assurance||Amazon Web Services|
|Valerie Abend, Managing Director, Financial Services Cybersecurity and Global Cyber Regulatory Practices||Accenture|
|Marc Radice, Head of International Affairs||Zurich Insurance Group|
|Jason Witty, Global Chief Information Security Officer||JP Morgan Chase|
|Mark Morrison, Chief Information Security Officer (and chair of the cybersecurity working group of the World Federation of Exchanges)||Options Clearing Corporation|
|Sultan Meghji, Co-founder and CEO||Neocova|
|Ramy Houssaini, Global Chief Cyber and Technology Risk Officer and Group Data Protection Officer||BNP Paribas|
|OTHER||Jennifer Elliott, Division Chief, Technical Assistance Strategy, Monetary and Capital Markets||IMF|
|Belisario Contreras, Manager, Cyber Security Programme||Organization of American States|
|Steve Silberstein, CEO||FS-ISAC|
|Alois Zwinggi, Member of the Managing Board and head of the Centre for Cybersecurity||World Economic Forum|
|Boris Ruge, Ambassador and Vice-Chairman||Munich Security Conference|
|Dmitri Alperovitch, Co-founder and Chief Technology Officer||Crowdstrike|
|Lisa Monaco, Distinguished Senior Fellow||New York University, Reiss Center on Law and Security|
|Juan Zarate, Chairman and Co-founder||Financial Integrity Network|
Tim Maurer is co-director of the Cyber Policy Initiative and a senior fellow in Carnegie’s Technology and International Affairs program. He works on the geopolitical implications of the Internet and cybersecurity, with a focus on the global financial system, influence operations, and other areas of importance as actors exploit the gray space between war and peace.
In Partnership With: