Archived - Canada Supports G7 Work on Cyber Security

October 14, 2016 – Ottawa, Ontario – Department of Finance Canada

The Government is committed to address the challenge of securing the financial system from cyber threats, to promote public confidence in the financial system and financial stability for middle class Canadians and their families.

In line with this commitment, Finance Minister Bill Morneau endorsed the G7 Fundamental Elements of Cybersecurity in the Financial Sector during G7 meetings in Washington, DC, earlier this month, and supported the continued work of the G7 to coordinate efforts to protect financial systems from cyber threats.

Officials from the Department of Finance Canada, the Office of the Superintendent of Financial Institutions and the Bank of Canada have been working with their G7 counterparts since last year on identifying measures to defend against cyber threats to the financial sector and best practices that could be applied across the G7. The Government of Canada is also currently conducting consultations on cyber security and a review to help identify gaps and opportunities, bring forward new ideas to shape Canada’s renewed approach to cyber security, and capitalize on the advantages of new technology and the digital economy.

Annie Donolo
Press Secretary
Office of the Minister of Finance
613-769-7187

Media Relations
Department of Finance Canada
613-369-4000

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