CH · Framework

FINMA — FINMA Circular on Cyber Risk

FINMA Circular 2023/1 codifies expectations for operational resilience and cyber risk management at Swiss banks, covering baseline controls, governance requirements and ICT reporting.

What it is

FINMA Circular 2023/1 codifies expectations for operational resilience and cyber risk management at Swiss banks, covering baseline controls, governance requirements and ICT reporting.

Switzerland · In force 1 January 2024

Who it binds

Swiss banks and securities dealers under FINMA supervision, with proportionate application based on categorisation.

Key obligations

  • A board-approved cyber risk management framework
  • ICT baseline security controls for all relevant systems
  • Reporting of significant cyber incidents to FINMA
  • Annual cyber risk reporting to the management body

How CCI addresses it

CySSURANCE maps FINMA circular controls and computes the compliance gap; EviGen collects the evidence Swiss institutions need for annual reporting.

CySSURANCE platform → EviGen →

Official source

FINMA Circular 2023/1 — Operational Risks and Resilience — Banks

https://www.finma.ch/en/documentation/circulars/

The linked text is the authoritative legal or standards source. CCI maps to it; it is not a CCI publication.

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