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CYBER RESILIENCE OVERSIGHT EXPECTATIONS …

Page 1 of 66 ECB-PUBLIC CYBER RESILIENCE OVERSIGHT EXPECTATIONS (CROE) FOR FINANCIAL MARKET INFRASTRUCTURES ECB-PUBLIC Page 2 of 66 Table of contents 1. INTRODUCTION 4 Background 4 Purpose 5 Addressees 6 Requirements by type of FMI 7 Levels of maturity 7 Requirements 8 Structure of the document 9 2. CYBER RESILIENCE OVERSIGHT EXPECTATIONS 11 GOVERNANCE 11 Governance - Preamble 11 Governance - EXPECTATIONS 11 CYBER RESILIENCE strategy and framework 11 Role of the board and senior management 15 IDENTIFICATION 21 Identification - Preamble 21 Identification - EXPECTATIONS 21 PROTECTION 24 Protection - Preamble 24 Protection - EXPECTATIONS 24 Protection of processes and assets 24 Control implementation and design.

Fourth, cyber attacks can be stealthy and propagate rapidly within a network of systems. For example, they can exploit unknown vulnerabilities and weak links in

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