The risks resulting from the information and communication technology (ICT) require new solutions – also for banks. To this end, based on the relevant EBA-Guidelines, the Austrian Financial Market Authority (FMA) published guidelines for banks. Typical ICT–risks such as loss of or damage to the availability, integrity, access and security of ICT-infrastructure and data are addressed. In addition to the implementation of a strategy, the FMA guidelines recommend many specific measures to manage these risks.
New technologies require new measures
