Regulatory Alerts2019-05-13
Circular Re. Financial Entities Ethical Red-Teaming
The Saudi Arabian Monetary Authority (SAMA) has adopted a "Financial Entities Ethical Red Teaming Framework" to improve the financial sector's ability to counter and respond to cyberattacks by testing system resilience and enhancing cyber resilience. SAMA will conduct periodic tests on financial institutions to assess their systems' readiness against this framework. Financial entities are urged to independently and periodically conduct their own tests and develop their systems in accordance with the Information Security Regulatory Guide (Cyber Security Framework).
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