Cyber Security and Cyber Resilience are part of the heart-of-the-client issues as the economic environment digitises and becomes more susceptible to rapidly evolving cyber threats more so financial entities.
The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA) have drafted a Joint Standard for Cyber Security and Cyber Resilience that sets out the minimum requirements for sound practices and processes of Cyber Security and Cyber Resilience.
The Joint Standard addresses requirements relating to governance, Cyber Security strategy and framework, Cyber Security and Cyber Resilience fundamentals, Cyber Security hygiene practices, as well as regulatory reporting. This standard will be crucial in safeguarding the security and resilience of financial institutions. Stay informed and stay secure.