Article 14 Communication

As part of the ICT riskmeans any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment; management framework referred to in Article 6(1), financial entitiesas defined in Article 2, points (a) to (t) shall have in place crisis communication plans enabling a responsible disclosure of, at least, major ICT-related incidentsmeans an ICT-related incident that has a high adverse impact on the network and information systems that support critical or important functions of the financial entity; or vulnerabilitiesmeans a weakness, susceptibility or flaw of an asset, system, process or control that can be exploited; to clients and counterparts as well as to the public, as appropriate.

As part of the ICT riskmeans any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment; management framework, financial entitiesas defined in Article 2, points (a) to (t) shall implement communication policies for internal staff and for external stakeholders. Communication policies for staff shall take into account the need to differentiate between staff involved in ICT riskmeans any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment; management, in particular the staff responsible for response and recovery, and staff that needs to be informed.

At least one person in the financial entity shall be tasked with implementing the communication strategy for ICT-related incidentsmeans a single event or a series of linked events unplanned by the financial entity that compromises the security of the network and information systems, and have an adverse impact on the availability, authenticity, integrity or confidentiality of data, or on the services provided by the financial entity; and fulfil the public and media function for that purpose.