In an increasingly interconnected world, cybersecurity incident response and recovery are ever-more dependent on collective efforts. To encourage broad cooperation across the financial sector globally, the G7 Cyber Expert Group issued a policy paper (G7 Report) setting forth a set of fundamental elements of collective cyber incident response and recovery (CCIRR). The G7 Report is organized around the three fundamental pillars of establishing, using and maintaining/testing a CCIRR arrangement. This article breaks down the G7 Report’s guidance. See “CFTC Commissioner Urges Tougher Diligence and Closer Cooperation to Thwart Cyber Threats” (Aug. 13, 2025).
