Regulatory Alerts2023-06-29 | 29788Consultation on the Draft Cybersecurity Best Practices Guideline
The financial regulatory authority has issued a consultation on draft cybersecurity best practices governing banking, insurance, and bureau de change institutions. The framework mandates standardized risk assessments, incident reporting protocols, and third-party vendor oversight to strengthen digital resilience. Regulators invite industry stakeholders to submit targeted feedback on the draft requirements before final implementation.
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