Tag Archives: IT security

German Federal Financial Supervisory Authority (BaFin) publishes circular on regulatory requirements for financial institutions’ IT systems

On 3 November 2017, the German regulator for the financial sector, the Federal Financial Supervisory Authority (“BaFin”), published a new circular titled Rundschreiben 10/2017 (BA) vom 3. November 2017 – Bankaufsichtliche Anforderungen an die IT (in English: Circular 10/2017 – Regulatory Requirements for IT-Systems – “BAIT”). The BAIT is available in German language at the BaFin’s website. The … Continue Reading

Germany passes new cyber-security law

On 25 July 2015 in Germany, the new IT Security Act entered into force. The law aims to improve IT security in companies and public bodies, especially in the field of critical infrastructure, thus stipulating minimum security standards and reporting obligations for operators and providers of communication systems. The law will affect institutions listed as … Continue Reading
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