Regulatory Alerts2023-01-01
Minimum Requirements for the Management of Cybersecurity Risk by Supervised Entities
The Reserve Bank of Fiji issued this policy to mandate that supervised financial entities establish a robust Cybersecurity Risk Management Framework commensurate with their operational complexity. The document requires boards and senior management to define clear roles, approve cybersecurity strategies, and maintain comprehensive policies covering governance, asset management, access control, and cryptography. Additionally, it enforces strict operational controls including background screening, security awareness training, physical facility protection, and rigorous key management procedures to mitigate cyber threats.
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