Regulatory Alerts2024-03-04 | Circular 4/2024Added · Updated
Circular 4/2024 — Modifies Circular 9/2023 on Cash Operations Regarding Cybersecurity
Bank of Mexico modifies Circular 9/2023 to strengthen cybersecurity requirements for credit institutions, cash correspondents, and value transport companies interacting with the SIBUC, AUDI, and SAM systems. The amendments introduce definitions for cybersecurity incidents and cyberresilience, mandate the submission of authorized IP addresses or network segments via specific Excel formats, and require reporting of cybersecurity incidents within 30 minutes. Credit institutions must provide initial access details for AUDI and SAM by April 30, 2024, with the full modifications entering into force on July 1, 2024.
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