European Supervisory Authorities Identify Good Practices For … – Exchange News Direct
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today a joint thematic Report on national financial education initiatives on digitalisation, with a focus on cybersecurity, scams, and fraud. The Report identifies good practices that national competent authorities and other public entities can follow when designing and implementing their financial education initiatives.
Access to digital channels and digital infrastructure has become a prerequisite for consumers to make use of financial services, and this trend has intensified in the context of the COVID-19 pandemic. Against this backdrop, the three ESAs highlight the fact that a lack of financial literacy and unfamiliarity with digital technologies can increasingly lead to financial vulnerability and exclusion of consumers. More specifically, without appropriate digital financial skills and the ability to ensure their cybersecurity, consumers are more at risk of becoming victims of scams and fraud.
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source: https://news.oneseocompany.com/2023/01/12/european-supervisory-authorities-identify-good-practices-for-exchange-news-direct_2023011239148.html
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