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⍰ ASK What is the purpose of EMIs teaming up with external cybersecurity firms?

Frequently, Electronic Money Institutions (EMIs) team up with external cybersecurity firms to carry out routine vulnerability assessments. These assessments encompass thorough testing of systems and networks, pinpointing possible weaknesses and security gaps. This proactive method boosts the institution's overall cybersecurity readiness by tackling vulnerabilities before they become exploitable. The collaboration with external experts provides an impartial viewpoint, ensuring a comprehensive evaluation of potential risks. This contributes to establishing a robust and proactive cybersecurity strategy for the EMI.
 

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