Recital 2 ICT risks of breakthrough technologies

Financial entitiesas defined in Article 2, points (a) to (t) are heavily reliant on the use of digital technologies in their daily business. It is therefore of utmost importance to ensure the operational resilience of their digital operations against ICT risk means any reasonably identifiable circumstance in relation to the use of network and information systems which, if materialised, may compromise the security of the network and information systems, of any technology dependent tool or process, of operations and processes, or of the provision of services by producing adverse effects in the digital or physical environment;. This need has become even more pressing due to the growth of breakthrough technologies in the market, in particular technologies enabling digital representations of value or of rights to be transferred and stored electronically, using distributed ledger or similar technology (crypto-assets), and of services related to those assets.