Jersey’s Financial Services Commission (JFSC) is urging businesses to increase cyber security resilience in response to the malicious cyber incidents in and around Ukraine.
Ensuring Jersey’s financial Industry is operationally resilient is important to preventing harm for consumers and the financial market. The JFSC is therefore urging businesses to increase their cyber security resilience following the recent statement issued by the UK’s National Cyber Security Centre (NCSC), who are currently investigating recent reports of malicious cyber incidents in Ukraine.
Businesses are also reminded to notify the JFSC about any cyber-attacks that might be expected to affect its registration, or be in the interests of its clients and/or its investors.
For those businesses seeking further information on cyber security, you are encouraged to speak to Jersey’s Cyber Emergency Response Team (CERT).
CERT is responsible for promoting and improving the cyber resilience across the Island’s critical national infrastructure, business communities and residents to reduce the risk and impact of major cyber incidents in Jersey.
The JFSC said that they are not aware of any current specific threats to Jersey businesses in relation to the ongoing geopolitical tensions in Eastern Europe, the guidance issued by the NCSC encourages businesses to follow steps that reduce the risk of being impacted by a cyber-attack.
The guidance encourages businesses to:
- Implement patching systems;
- Improve access controls and enabling multi-factor authentication;
- Implement an effective incident response plan;
- Check that backups and restore mechanisms are working;
- Ensure that online defences are working as expected;
- Keep up to date with the latest threat and mitigation information
