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Portfolio informed the decision after the session of the Financial Stability Board (FSC) held this afternoon
News from the Ministry of Finance, as part of the design of a new cyber security policy after the Computer attack of which he was a victim of the Bank of Chile, which resulted in the theft of US $ 10 million from the entity controlled by the Luksic group.
Today, the Financial Stability Board (CEF), a body headed by Finance Minister Felipe Larraín, has announced that he has asked the International Monetary Fund (IMF) to provide financial badistance. technically help the government in the development of a cybersecurity policy, to mitigate the impact of these events in the local financial system.
The CEF is a body integrated by the President of the Financial Markets Commission (CMF), Joaquín Cortez, Superintendent of Banks and Financial Institutions, Mario Farren, Superintendent of Pensions, Osvaldo Macías, and the President of the Central Bank Mario Marcel. The group held a meeting today during which they badyzed the progress made by the Business Continuity Group of the agency.
At this meeting, the body defined progress in two areas to modernize prevention tools and protocols. dealing with cybersecurity incidents: the first, seeking international advice to identify potential gaps from international standards and recommendations for preventing and dealing with cyber-attacks; and the second, to sign an agreement between the members of the working group to share information and advance on specific measures in the area of business continuity.
According to a press release, the Treasury consulted several international organizations.
"In accordance with the urgency and importance of the issue, Minister Felipe Larraín sent a letter to the IMF on Monday, June 25, formally requesting technical badistance in the area of cybersecurity, to determine possible Shortcomings in the Legal and Regulatory Framework, "
Catherine Tornel, Ministry Capital Markets Coordinator, and the Contracting Coordinator also participated in today's Capital Cities meeting, Manuel Galilea CMF Commissioner Kevin Cowan, CMF Insurance Steward Danie l García, and the head of the Insurance Regulatory Division of the CMF, Patricio Espinoza Superintendent of Superintending Banks , Luis Figueroa, the director of the Financial Policy Division of the Central Bank, Solange Bernstein, and the chief economist Juan Francisco Martínez
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