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International: APEC publishes report on standards and process-based approach to enhancing cybersecurity

The Asia-Pacific Economic Cooperation ('APEC') published, on 20 July 2020, a report ('the Report') on a standards and process-based approach to enhancing cybersecurity. In particular, the Report recommends the adoption of a five-function framework to guide and supplement the use of globally relevant cybersecurity standards and good practices. Furthermore, the Report reviews the different cybersecurity approaches adopted by APEC economies and discusses trends in cybersecurity approaches, where differences may be barriers and inadvertently restrict free and open trade, as well as how APEC economies can better align on cybersecurity risk management and adopt a standards and process-based approach to enhance regional trade.

You can read the press release here and download the Report here.