Financial Risk Manager Part 2
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In the context of enhancing the organization's resilience against emerging cyber threats, the Chief Risk Officer (CRO) of a financial institution is assessing the current protocols related to cybersecurity intelligence sharing among different entities. The CRO aims to understand the potential benefits of exchanging such critical information. Which of the following statements would best represent the CRO's viewpoint?
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
The scope and depth of information-sharing practices among banks may significantly vary between financial markets, depending on the level of trust among participating banks.
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.