Regulatory Alerts2016-12-21
Added · Updated
Cybersecurity Fortification Initiative
The Hong Kong Monetary Authority issued implementation details for the Cybersecurity Fortification Initiative, requiring Authorized Institutions to enhance their cyber resilience through a three-pillar framework. The initiative mandates participation in the Cyber Resilience Assessment Framework, which includes risk and maturity assessments alongside intelligence-led attack simulations for medium and high-risk entities. Additionally, the Authority launched a Professional Development Programme for cybersecurity certification and opened the Cyber Intelligence Sharing Platform for industry access.
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