Regulatory Alerts2022-11-22
Proposed Financial Cybersecurity Controls
The Central Bank of Bahrain has integrated a draft national cybersecurity standard from the Ministry of Interior’s National Cybersecurity Center into all Rulebook volumes, requiring licensees to implement best practices across seven domains: governance, financial technology cybersecurity, cyber defense, assessment, third-party security, incident management, and audit. Regulated entities must review the draft standards and submit their feedback or nil comments in an editable format to the National Cybersecurity Center by 22 November 2022, copying the Central Bank. These controls will establish mandatory compliance frameworks for financial institutions to strengthen their overall cybersecurity posture and operational resilience.
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