Microsoft's Secure Future Initiative (SFI)

In November 2023, Microsoft introduced the Secure Future Initiative (SFI) to enhance cybersecurity protection for Microsoft, its customers and the wider industry.

• Why was this initiative launched?

To provide some context:

• Key insights from the report by the Cyber Safety Review Board on the Microsoft Exchange Online incident of Summer 2023
• Microsoft chose profit over security - whistleblower says

For an update on the progress of the SFI, it is recommended to review the SFI Progress Report from September 2024. 

"Our engineering teams quickly dedicated the equivalent of 34,000 full-time engineers to address the highest priority security tasks—the largest cybersecurity engineering project in history. We have also made significant improvements in governance and culture, such as integrating security into performance reviews and introducing the Security Skilling Academy. This report includes highlights of the progress made over the past several months followed by individual sections with additional details."

Report of the ERPB Working Group on fraud related to retail payments

Co-chaired by the BEUC - The European Consumer Organisation and the EACB, a multi-stakeholder group composed of associations of banks, payment services providers, their clients and several public authorities, under the auspices of the Euro Retail Payments Board, produced a Report with recommendations on how to tackle on fraud related to retail payment.

🔑 The report identifies four "gamechangers" for effective fraud prevention and mitigation:
➡ Cross-sectoral collaboration and shared responsibilities beyond the payment industry.
➡ Sharing fraud insights and data across sectors.
➡ Supervisory enforcement and cooperation at the EU level.
➡ Product design that prioritizes consumer protection

You can download it here: https://www.ecb.europa.eu/paym/groups/erpb/shared/pdf/21st-ERPB-meeting/Report_from_the_ERPB_Working_Group_on_fraud_prevention.pdf