Regulatory Alerts2018-01-28
Information Technology Management
The Supervisor of Banks issued this directive to establish comprehensive governance and operational standards for information technology systems within Israeli banking corporations. The regulation mandates the appointment of dedicated IT and security managers, requires periodic risk assessments, and enforces strict controls over information security, access, and encryption. It further stipulates rigorous backup and recovery planning, mandatory security surveys, and detailed monitoring procedures to ensure system stability and resilience.
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