Regulatory Alerts2017-10-24
Added · Updated
Determinations under the Banking Institutions Act, 1998: Information Security
The Bank of Namibia issued Determination BID-30 to mandate comprehensive information security standards for all authorized banking institutions operating in Namibia. The regulation requires boards and senior management to establish, implement, and continuously improve a risk-aligned security program covering governance, vulnerability management, third-party controls, system protection, and incident response. Effective 1 March 2018, non-compliant institutions face regulatory remedial actions as the Bank enforces these requirements to mitigate operational and financial risks from cyber threats.
More like this from BON
We email you every new BON publication the day it's published.
Topics
Share