Trade Bodies Release Framework for Penetration Testing

Guidelines seek to establish best practices for a key cybersecurity measure.

Data security

A framework for the regulatory use of penetration testing in the financial services industry, published this week by Global Financial Markets Association (GFMA), seeks to engage regulators globally with a common framework to facilitate open dialogue and establish an industry-wide process for conducting penetration tests.

Some of the contributing organizations to the framework include Credit Suisse, ING Bank, Morgan Stanley, Citi, Bank of America, UBS, Standard Chartered, Wells Fargo and BNY

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