GovWire

The G-7 Fundamental Elements for Effective Assessment promote the effective practices outlined in the 2017 G7 Fundamental Elements of Cybersecurity for the Finance Sector by focusing on how well these practices are performed and assessed

The G-7 Fundamental Elements for Effective Assessment serve as tools to guide and drive internal and external discussions on risk management decisions critical to cybersecurity. For example, they can help inform Board discussions and Board oversight. The G-7 Fundamental Elements for Effective Assessment are not meant to be prescriptive, and serve to inform entities, supervisors and independent assessors alike. They can also be of use in regulatory examinations, self-assessments, and independent review by third parties. Furthermore, these elements can promote conversations across jurisdictions and sectors to drive both technical and cultural conversations around effective practices for cyber risk management.