Critical data

Find out the meaning of “critical data”, as covered by the FINMA Circular 2023/1, and learn how to identify such data.

The training course begins with a look at the definition of critical data and the safeguards that banking and financial institutions must implement to prevent their loss or unavailability.

It further emphasises the need for data identification and mapping which are specific to each institution.

The course concludes with an examination of employees’ responsibilities in managing critical data, especially by implementing restricted access controls to safeguard such data and notifying the FINMA of any data-impacting incidents.

Illustrated by practical examples, the training course is designed to ensure that each employee is able to identify critical data, adopt the appropriate behaviour so as to protect them and report any data-impacting incidents.