Consob adheres to CERTFin, the highly specialized cybersecurity structure set up by the Bank of Italy, Abi, ANIA, IVASS and the ABI Lab Consortium to strengthen collaboration against IT threats related to the development of new technologies and the digital economy, always guaranteeing greater security for operators in the Italian banking, insurance and financial world and for digital services offered to families, businesses and public administrations.
This is established by the agreement signed by the Governor of the Bank of Italy, Ignazio Visco, by the President of IVASS, Fabio Panetta, by the Director General of the ABI, Giovanni Sabatini, by the Director General of ANIA, Dario Focarelli, by the President of Consob , Paolo Savona and the President of ABI Lab, Pierfrancesco Gaggi, in addition to the agreement signed at the end of the 2016 to establish the CERTFin and the agreement signed at the end of the 2018 for the adhesion of ANIA and IVASS.
In particular, the new agreement provides for the entry of Consob into the Strategic Committee, the governing body entrusted with the decisions to address the CERTFin.
Based on the principle of public-private cooperation, CERTFin has the task of raising the cyber risks management capacity of banking, insurance and financial operators and strengthening the operational resilience of the Italian financial system as a whole, through operational and strategic support to the activities of prevention, preparation and response to cyber attacks and security incidents.
Currently, the financial sector operators (banks, insurance and market infrastructures) are part of the CERTFin 50, of which 11 also participate in the so-called "Virtual Team", a group of experts created ad hoc to investigate the main phenomena detected for the benefit of the whole community of reference.
The CERTFin carries out daily a careful activity of data collection, indications and reports and analysis of the main phenomena related to the cybersecurity theme that can have an impact on the sector, favoring the timely and effective exchange of information between Italian banking and financial operators; since the start of its activity in the 2017, the organization has already sent over 3.100 reports related to more than 1.700 different phenomena detected and analyzed.
In line with the National Cybersecurity Strategy, the CERTFin also performs a function of linking up with all the other institutional initiatives launched in the country regarding cyber security and critical infrastructure protection, consolidating collaboration and further expanding the network of institutional stakeholders and national and international experts.