The Cyber Information and Intelligence Sharing Initiative (CIISI-EU) is the name of the new initiative launched, on Thursday 27 February, by the European Union Agency for Cybersecurity (ENISA), the European Central Bank (ECB), Europol and the EU's major financial infrastructures to share information and expertise in the aim to protect the European financial system from cyberattacks.
In addition, the initiative will bring together the Italian, French, Luxembourg, German, Dutch and Belgian central banks, European clearing houses, stock exchanges and payment system providers such as MasterCard.
Together, they will work to identify intelligence gaps and vulnerabilities and help raise awareness of the steps financial institutions can take to protect themselves. Ultimately, the initiative aims to fast-track intelligence sharing between banks and law enforcement for a more coordinated approach to serious and organised crime affecting the financial sector.
"This is the first time that major financial infrastructures, Europol and the European Union Agency for Cybersecurity (ENISA) have jointly taken steps against cyber risk", welcomed ECB Executive Board Member Fabio Panetta in a statement.
Participants hope that this initiative will inspire other jurisdictions. (Original version in French by Marion Fontana)