Regulatory Alerts2021-11-09
Compliance with Policies, Frameworks, Standards, and Regulations Related to Cybersecurity
SAMA (Saudi Central Bank) issued this circular to mandate strict compliance with its cybersecurity policies, frameworks, standards, and regulations for all financial sector entities. The directive requires regulated institutions to implement fundamental cybersecurity controls, prioritize cybersecurity budget allocations, and align their operations with the National Cybersecurity Authority's guidelines to mitigate rising cyber threats. Financial entities must immediately adopt these measures to enhance national cybersecurity resilience and ensure continuous regulatory adherence.
1 Abdulaziz T. Alotaibi From: Payment Policy Sent: Tuesday, November 9, 2021 11:40 AM Cc: Husam A. AlMahmoud; Dr. Yazeed Aleissa; Payment Policy Subject: Circular Categories: Blue Category
To the Concerned Parties,
Peace, mercy of Allah and His blessings be upon you,
Given the financial sector's increasing exposure to growing cyber threats and attacks within the Kingdom, SAMA (Saudi Central Bank) emphasizes compliance with the cybersecurity policies, frameworks, standards, and regulations issued by SAMA and the National Cybersecurity Authority, as well as related directives.
The Central Bank further emphasizes the necessity of taking all required measures to implement fundamental cybersecurity controls and cybersecurity controls for policy systems, while prioritizing cybersecurity expenditures from approved budgets to enhance the Kingdom's cybersecurity resilience.
For your information and action accordingly.
Accept our regards,
W.SAMA.GOV.SA