UK finance industry launches a cyber security framework for sharing threat intelligence, testing cyber security and benchmarking service providers

The UK finance industry has launched a cyber security framework for sharing detailed threat intelligence, testing cyber security and benchmarking financial service providers.

The CBEST framework was developed by the Council of Registered Ethical Security Testers (Crest) and cyber intelligence company Digital Shadows in collaboration with the Bank of England, Her Majesty’s Treasury and the Financial Conduct Authority (FCA).

The framework is the first of its kind to be led by any of the world’s central banks and comes less than a week after the government officially launched its Cyber Essentials Scheme, also supported by Crest.

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