Regulatory Alerts2022-09-23
Added · Updated
Operational Risk Management - Fraud Risk Management and Technology Risk Management - Cybersecurity
The Circular Instruction on Risk (CIR) issued on 23 September 2022 establishes regulatory requirements for operational risk management regarding fraud and technology risk management concerning cybersecurity. These guidelines apply to all authorized institutions to ensure robust frameworks for mitigating fraud and cybersecurity threats. The document references related initiatives such as the Cybersecurity Fortification Initiative to contextualize the current standards.