National Financial Situation Room

A forum of decision makers headed by the Minister of Finance, designed to be assembled in times of major crisis to steer the financial sector

In a time of crisis in the financial system, originated by a cyber-attack, war situation or other threats materializing, arise the need for a "war room" of a sort. This forum, comprised of decision-makers, will be getting all the relevant information and instructing the relevant factors on how to address the situation.

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We laid the groundwork for the gathering of this forum and in February 2019 held a comprehensive exercise simulating such incident. The exercise was participated by all ranking members of the government financial bodies and representative CEO's of a leading bank, investment and insurance companies.

Adequate preparation

Formulating the concept, tools and framework to efficiently manage a national level financial crisis initiated by cyber event or otherwise

From cyber incident to financial crisis

Major cyber and continuity disruption may entail financial repercussion

Cross-sector coordination

Coordination between all relevant entities to address a major incident - private companies, governmental units and defence agencies

Structured flow of information

The correct and practiced flow of information from all parties to senior officials and back, to assist informed decision-making process and appropriate  execution