The G7 may decide to create working groups to further explore an issue and better prepare the meetings of ministers, governors or Heads of State. These groups are given a regularly reviewed mandate, which specifies their annual or multi-year work plan.
In this context, the G7 set up the Cyber Expert Group (CEG), a group of cyber security experts that meets regularly to facilitate progress on major international debates and that reports to G7 ministers and governors. This group is chaired by the United Kingdom and the United States.
Established in November 2015, the objectives of the CEG are (a) to identify the main cyber security risks in the financial sector and (b) to propose actions to be taken in this area. The publication of the “G7 Fundamental Elements of Cybersecurity for the Financial Sector” in October 2016 and the “G7 Fundamental Elements for Effective Assessment of Cybersecurity” in October 2017 constituted major advances in this area.
Within the CEG, coordination work is carried out on various topics such as the identification of vulnerabilities, penetration testing, the risks of contagion resulting from relations with third parties, and cooperation between the public and private sectors.
Updated on: 10/27/2022 11:05