Article 17 ICT-related incident management process

Financial entities shall define, establish and implement an ICT-related incident management process to detect, manage and notify ICT-related incidents.

Financial entities shall record all ICT-related incidents and significant cyber threats. Financial entities shall establish appropriate procedures and processes to ensure a consistent and integrated monitoring, handling and follow-up of ICT-related incidents, to ensure that root causes are identified, documented and addressed in order to prevent the occurrence of such incidents.

1. put in place early warning indicators;

2. establish procedures to identify, track, log, categorise and classify ICT-related incidents according to their priority and severity and according to the criticality of the services impacted, in accordance with the criteria set out in Article 18(1);

3. assign roles and responsibilities that need to be activated for different ICT-related incident types and scenarios;

4. set out plans for communication to staff, external stakeholders and media in accordance with Article 14 and for notification to clients, for internal escalation procedures, including ICT-related customer complaints, as well as for the provision of information to financial entities that act as counterparts, as appropriate;

5. ensure that at least major ICT-related incidents are reported to relevant senior management and inform the management body of at least major ICT-related incidents, explaining the impact, response and additional controls to be established as a result of such ICT-related incidents;

6. establish ICT-related incident response procedures to mitigate impacts and ensure that services become operational and secure in a timely manner.