Regulatory Alerts2023-11-15 | 29756Cybersecurity Best Practices Guideline for Financial Institutions
The regulatory authority has issued the Cybersecurity Best Practices Guideline for Financial Institutions to establish mandatory security standards across the banking, insurance, and bureau de change sectors. This directive requires financial entities to implement robust cybersecurity frameworks, conduct regular risk assessments, and maintain incident response protocols to protect sensitive customer data. Compliance with these enhanced measures is essential to mitigate emerging cyber threats and ensure the resilience of the national financial infrastructure.
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