Paolo Ciocca

Nonresident Scholar
Cyber Policy Initiative
Paolo Ciocca is nonresident scholar in the Cyber Policy Initiative.


English; Italian



Paolo Ciocca is nonresident scholar in the Cyber Policy Initiative focused on the intersection of finance, security, and data economies. He currently serves as commissioner of CONSOB, the Italian financial services regulator, and focuses on FinTech regulation, technological innovation in the financial sector (AI), cybersecurity of FMIs, and financial intermediaries.

In his prior capacity, he acted as deputy director-general of the Italian Security Intelligence Department, in charge of strategic analysis for the overall intelligence community. He was also in charge of the Italian cybersecurity initiative (design and implementation of the national cybersecurity strategy throughout the public, private and research sectors).

Before joining the Italian intelligence community, Ciocca held progressive senior positions as an international tax and financial expert in the Italian Treasury (last position as director-general, head of the Italian Tax Department), the OECD (chair of Committee on Fiscal Affairs), the UN (member of the UNSG tax experts group), the Italian Central Bank, and the Italian insurance supervision. He has also served as secretary of the International Fund for Agricultural Development (IFAD), a UN IFI.

Ciocca holds a degree in economics and a PhD in tax. 


  • smartphone displaying apps used for personal finance
    Paper November 2, 2021
    Financial Markets and Social Media: Lessons From Information Security

    Discourse on social media increasingly affects personal financial decisions. This may improve market efficiency, yet it may also provide malicious actors with opportunities for disinformation and disruption. Financial authorities, governments, and other stakeholders must work together to counter this threat.


Areas of Expertise

Carnegie Endowment for International Peace
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