The Central Bank recently undertook a thematic review of the management of operational risk around cyber-security within the Investment Firm and Fund Services Industry. The objective of this themed review was to examine the policies, procedures, oversight, access and testing of systems that firms utilise in order to mitigate cyber-security risks. The Central Bank has issued a letter regarding its Thematic Review – Cyber Security and Operational Risk to all boards within the Investment Firms and Fund Services Industry detailing examples of best practice  and setting out the outcomes of the review. This is an important issue for all boards of Directors within the Investment Firms and Fund Services Industry.