ISO 27001 Compliance in Milan

Milan is Italy's financial capital and the eurozone's fourth-largest financial centre, home to UniCredit (Italy's largest bank, €1.3T in assets, operating in 13 European countries) and Intesa Sanpaolo (€1.1T in assets, Europe's largest bank by market cap at certain periods). Mediobanca, the historic investment bank, and Generali (the world's third-largest insurer) are also headquartered here. Borsa Italiana — part of Euronext since 2021 — hosts the MIB index. Banca d'Italia (headquartered in Rome but with major operations in Milan) and CONSOB (Commissione Nazionale per le Società e la Borsa) provide banking and securities supervision.

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€1.3T
UniCredit total assets
€1.1T
Intesa Sanpaolo total assets
200+
Fintech District members
250,000+
Financial sector employees

Why ISO 27001 matters in Milan

ISO/IEC 27001:2022 is the international standard for information security management systems (ISMS). With 93 controls across organizational, people, physical, and technological themes, it provides a systematic approach to managing sensitive information. ISO 27001 certification is increasingly a prerequisite for doing business in the EU financial sector.

UniCredit, as one of only four G-SIBs headquartered in the eurozone and operating across 13 countries, must implement DORA at a scale that makes automation unavoidable — manual compliance would require hundreds of FTEs. Intesa Sanpaolo's acquisition of UBI Banca created one of Europe's most complex IT integration challenges, where DORA's ICT risk management requirements apply across legacy and modern systems simultaneously. Italy transposed NIS2 through Legislative Decree 138/2024, with ACN (Agenzia per la Cybersicurezza Nazionale) as the designated authority — adding a national layer on top of DORA. The Garante Privacy (Italy's DPA) has been one of Europe's most active GDPR enforcers, issuing €45M+ in fines. Milan's Fintech District, with 200+ member companies, makes it Italy's hub for compliance innovation.

Supervisory Bodies

Banca d'Italia, CONSOB, IVASS, ACN

Key Industries

  • Universal Banking & G-SIBs
  • Insurance & Reinsurance
  • Asset Management
  • FinTech & Payments

Notable financial institutions in Milan

UniCreditIntesa SanpaoloGeneraliMediobancaBanco BPMFinecoBankBorsa ItalianaNexi

ISO 27001 Key Requirements

Information Security Management System (ISMS) implementation
Risk assessment and treatment methodology (Clause 6.1)
93 Annex A controls across 4 themes (2022 version)
Internal audit program (Clause 9.2)
Management review and leadership commitment (Clause 5)
Continuous improvement via Plan-Do-Check-Act cycle

Related Compliance Terms

ISO 27001ISMS (Information Security Management System)Risk AssessmentAudit TrailGap Analysis (Compliance)Business ContinuityAll terms →

Related Resources

ISO 27001 Framework Overview

Everything about ISO 27001 and how Matproof helps you comply.

ISO 27001 Articles & Guides

Latest articles and guides on ISO 27001 compliance.

Compliance Glossary

All key compliance terms explained — from DORA to TLPT.

Local Partners

Find Matproof partners for compliance consulting in Milan.