Financial Risk Manager Part 2
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In an effort to strengthen the bank's measures against emerging cyber threats, the Chief Risk Officer is assessing the current cybersecurity information exchange practices among different organizations. They are also contemplating the potential benefits that such information sharing could yield. Which of the following statements would be the most appropriate for the Chief Risk Officer to express?
A
The sharing of cybersecurity information among banks is less frequently observed and generally considered to be less effective than other cyber-security information-sharing practices.
B
Sharing of information and collaboration among banks depends on the financial industry's culture and level of trust among participants.
C
Information-sharing among different national regulators has evolved significantly over the past several years and is now a widespread practice at a large majority of jurisdictions.
D
Existing peer-sharing mechanisms among banks focus on the exchange of information related to cyber-security incidents, but such information is generally not shared from banks to regulators.