Financial Risk Manager Part 2
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To bolster the bank's defenses against emerging cyber threats, the Chief Risk Officer (CRO) is reviewing the current practices of cybersecurity information exchange among different financial institutions. Additionally, the CRO is assessing the potential benefits derived from such information sharing. Which statement would be the most appropriate for the Chief Risk Officer to convey?
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.