Regulatory Alerts2023-11-21 | Circular 13/2023Added · Updated
Circular 13/2023 — Modifies Circular 4/2016
The Bank of Mexico modifies the Cybersecurity and Information Technology framework for participants in the Dollar Interbank Payment System (SPID) by defining key terms such as IT Infrastructure, Cyber Resilience, and SPID Application. The amendments impose specific information security requirements on credit institutions, including the establishment of dedicated security areas, mandatory controls for computing and telecommunications infrastructure, and strict procedures for SPID application development and security. Additionally, participants must designate an SPID Information Security Officer and a substitute, who are responsible for verifying compliance with security policies and conducting at least quarterly reviews of technological infrastructure activities.
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