The ITU Knowledge Sharing Platform for Digital Finance Security is designed to foster collaboration among regulators and other stakeholders in the development and implementation of security guidelines and best practices for Digital Financial Services (DFS).
The WTSA-20 Resolution 89 instructs the Director of the Telecommunication Standardization Bureau, in collaboration with the Directors of the other Bureaux to establish a platform or, where possible, connect to those already existing, for peer learning, dialogue and experience-sharing in digital financial services among countries and regions, regulators from the telecommunication and financial services sectors, industry experts and international and regional organizations; PP-22 Resolution 204 further instruct pertinent ITU-T study groups to participate in global initiatives aimed at enhancing the cybersecurity and resiliency of the digital finance ecosystem. This involves developing international standards and industry best practices to ensure a secure and robust digital financial landscape.
The ITU Knowledge Sharing Platform is a component of the
ITU DFS security lab, which provides resources for conducting security tests for Mobile payment applications as well as developer resources for Fast Identity Online (FIDO) implementation of strong consumer authentication.
The Objectives of the Knowledge Sharing Platform are as follows:
Collaborate with ITU to keep up to date the DFS security assurance framework security controls and DFS security recommendations.
Share experiences, challenges, and lessons learned from the implementation of security measures across various jurisdictions.
Communicate directly with their peers on issues relating to security of digital financial services.
The platform hosts the DFS security recommendations that regulators are invited to provide comments and share insights as appropriate.
Announcement: TSB Circular 149
