Regulatory Alerts2023-06-01
Guidelines on Cybersecurity and Resilience
The Bank of Botswana has issued comprehensive guidelines requiring licensed banks and supervised financial institutions to establish robust, risk-based cybersecurity frameworks aligned with international standards. Institutions must conduct annual self-assessments, report material cyber incidents within 48 hours, and implement governance structures covering identification, protection, detection, testing, and recovery. The framework applies proportionally to organizational size and complexity, ensuring systemic financial stability through enhanced cyber-resilience and continuous threat monitoring.
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