Netherlands Urged to Enhance Cybersecurity in Financial Sector
Amsterdam, Friday, 21 November 2025.
The Financial Stability Board highlights the Netherlands’ progress in cyber resilience but advises further improvements to manage financial stability risks from operational incidents and evolving threats.
Current Cyber Resilience Efforts
The Financial Stability Board (FSB) recently conducted a peer review of the Netherlands, highlighting the nation’s commitment to enhancing cyber resilience within its financial sector. This evaluation recognizes the effective implementation of cyber hygiene measures by Dutch authorities, such as the Threat Intelligence-Based Ethical Red-teaming (TIBER) and Advanced Red Teaming (ART) frameworks. These initiatives demonstrate a high level of cooperation and information sharing among government agencies and the financial industry, contributing to a comprehensive gathering of threat intelligence and a national crisis-management structure that ensures coordination during major operational disruptions [1][2].
Recommendations for Further Enhancements
Despite the maturity of the Netherlands’ cyber resilience practices, the FSB has recommended several steps to address rising financial stability risks posed by the interconnectedness of the financial system and evolving cyber threats. Key recommendations include the regular review of information sharing mechanisms to ensure efficiency, the expansion of cyber resilience testing through ART, and a national analysis of third-party risks to identify critical providers and assess concentration risks [1][2].
The Role of the Financial Stability Board
The FSB, an international body founded in 2009 and headquartered in Basel, is responsible for monitoring and making recommendations about the global financial system. It plays a crucial role in promoting international financial stability by coordinating national financial authorities and international standard-setting bodies. The FSB’s recommendations aim to support harmonized incident reporting and information sharing among authorities, which is critical for maintaining the integrity of the financial system against cyber threats [2][3].
Future Directions
Looking ahead, the Netherlands is encouraged to continue enhancing its cyber resilience efforts. This includes fostering a collaborative environment for rapid information sharing during crises and ensuring that financial entities are prepared for advanced cyber resilience testing. As cyber incidents pose systemic risks that can disrupt critical financial services and erode market confidence, continuous improvement of cybersecurity strategies remains a priority for Dutch authorities [1][2].