ICT incident classification

Preamble (Recitals 1 – 18)

Recitals

Chapter I (Articles 1 – 7)

Classification criteria

Article 1

Clients, financial counterparts and transactions

Article 2

Reputational impact

Article 3

Duration and service downtime

Article 4

Geographical spread

Article 5

Data losses

Article 6

Criticality of services affected

Article 7

Economic impact

Chapter II (Articles 8 – 9)

Major incidents and materiality thresholds

Article 8

Major incidents

Article 9

Materiality thresholds for determining major incidents

Chapter III (Article 10)

Significant cyber threats

Article 10

High materiality thresholds for determining significant cyber threats

Chapter IV (Articles 11 – 12)

Relevance of major incidents to competent authorities in other Member States and details of reports to be shared with other competent authorities

Article 11

Relevance of major incidents to competent authorities in other Member States

Article 12

Details of major incidents to be shared with other competent authorities

Chapter V (Article 13)

Final provisions

Article 13

Entry into force

Recital 7

The criterion in relation to the geographical spread of an incident set out in Article 18(1), point (c), of Regulation (EU) 2022/2554 should focus on the cross-border impact of the incident, since the impact of an incident on the activities of a financial entity within a single jurisdiction will be captured by the other criteria set out in that Article.
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