Published : 2022-07-12

Legal status of supervision over cybersecurity of the financial market in Poland

Abstract

The essential purpose of the paper is to analyse the legal conditions determining the system of cybersecurity of the financial market in Poland. The authors have performed a dogmatical legal analysis of provisions of the Polish and, partly, EU legislation and then discussed the implementation of the provisions in the financial sector. The analysis covers the role and position of the KNF Board as an authority competent for cybersecurity for the banking sector and the infrastructure of financial markets. The paper also presents a catalogue of the institution’s tasks and activities that have been undertaken to perform the tasks properly. The paper includes an in-depth analysis of recommendations and guidelines adopted by the KNF Board in the area of cybersecurity, and points their specific legal nature. The paper also explores the process of establishing the CSIRT KNF team and discusses its special role in building cyber resilience of the Polish cybersecurity system. Special emphasis is placed on the important role of financial education, in particular the need to run awareness-raising and educational campaigns regarding cybersecurity. The conclusions include the authors’ free thoughts on the further development of cyber threats and a presentation of ideas on how to prevent them.

Keywords:

cyber security, financial market, national cyber security system, KNF Board

JEL Codes

G32, L88, M15, F52


Details

References

Statistics

Authors

Download files

pdf (Język Polski)

Citation rules

Biderman, B., & Mroczka, K. (2022). Legal status of supervision over cybersecurity of the financial market in Poland. Safe Bank, 87(2), 47–71. https://doi.org/10.26354/bb.3.2.87.2022

Altmetric indicators


Cited by / Share


Editorial Team
ul. ks. Ignacego Jana Skorupki 4
00-546 Warszawa
email: redakcja@bfg.pl

About:
Copyright 2019 by
OJS Support and Customization by LIBCOM
Platform & workfow by OJS/PKP