OSFI Issues New Cyberattacks Framework for Canada’s DSIBs

OSFI has released a framework to help identify areas where the financial sector could be vulnerable to sophisticated cyber-attacks. The Intelligence Led Cyber Resilience Testing (I-CRT) framework outlines a methodology and implementation guide for federally regulated institutions conducting I-CRT assessments. The I-CRT framework only applies to Canada’s systemically important banks and internationally active insurance groups.