Central Bank of Iceland
Vidir Kristofersson has extensive work experience in the field of security and IT. Vidir is currently serving as the Chief Security Officer at the Central Bank of Iceland since November 2023. Prior to this, they worked as a Lecturer at Bifröst University starting from March 2023. From 2016 to 2023, they held the position of Chief Security Officer at Arion banki. Before that, they worked at SimCorp as a Security Principal and Lead Infrastructure & Security Architect in the Group Legal & Compliance and Group IT departments, respectively. Vidir also served as a Senior Security Consultant at Secunia and a Lead Network and Security Consultant at Sensa ehf. From 2007 to 2012, they worked at SimCorp as the Team Lead for the Network & Security Team and Lead Network & Security Architect. Vidir started their career as a Sr. IT Consultant at Nyherji and Lina.Net hf., and later served as a Systems & Network Manager at Íslandsbanki.
Vidir Kristofersson completed their Master's Degree in Computer and Information Security from the University of Liverpool from 2012 to 2016. Vidir also holds several certifications, including the Certified Information Systems Security Professional (CISSP) obtained in February 2016 and the Certified Ethical Hacker (CEH) obtained in September 2017.
Central Bank of Iceland
The Central Bank of Iceland is an independent institution, owned by the Icelandic state. The principal objective of the Central Bank is to promote price stability. The Bank shall also promote financial stability. The Central Bank shall promote the implementation of the Government’s economic policy as long as it does not consider this inconsistent with its main objective of price stability. In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties, as specified in the Central Bank Act. The Central Bank of Iceland shall accept deposits from commercial banks, savings banks and other deposit institutions. The Central Bank may also accept deposits from other credit institutions. The Central Bank trades in foreign currency, acts as an intermediary in foreign exchange transactions, and conducts other foreign transactions. The Prime Minister appoints the Governor and Deputy Governor of the Central Bank for a five-year term. Decisions on applying the Central Bank's monetary policy control mechanisms shall be taken by the Monetary Policy Committee. In other respects, the Bank's direction shall be in the hands of the Governor. The Central Bank is ultimately under the administration of the Prime Minister and a Supervisory Board. Parliament elects seven members to the Supervisory Board after each parliamentary election. The Central Bank of Iceland was established by an act of Parliament in 1961, although the history of central banking in Iceland is much longer. The current Central Bank Act is no. 36/2001, cf. amendments.