Key Insights From the CSSF's 2023 Annual Report

In our latest article, we dive into key findings from the Commission de Surveillance du Secteur Financier (CSSF)‘s 2023 Annual Report.

Photo by CSSF

In today’s fast-evolving digital landscape, financial institutions are facing increasing pressure to strengthen their cybersecurity defenses and adapt to new regulatory frameworks.

Our article highlights:

• Cyber risk and IT security challenges
• The importance of robust risk management and internal audit processes
• AI’s potential in finance, alongside its risks and governance challenges
• Results from on-site inspections and TIBER-LU exercises
• Updates on critical regulations like DORA and NIS2, reshaping the role of support PSFs and ICT third-party providers

And don’t miss the two essential quotes from Claude Marx’s preface, offering key perspectives on cyber risk and the importance of future-ready leadership.

For those responsible for tech and cyber risk, this is a must-read to stay ahead of industry trends and emerging challenges.

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