The financial services industry is a significant target for cyber threats—arising from both insiders and from external sources. The severity and urgency of this cyber risk warrants certain minimum cyber risk management standards be met by all regulated entities.
The Malaysian Risk Management in Technology (RMiT) is a framework constructed by the Central Bank of Malaysia (Bank Negara Malaysia) to help combat the ever-growing threat posed to information and financial systems by nation-states, terrorist organizations, and independent criminal actors. This regulation is designed to:
- Promote the protection of customer information
- Promote the protection of information technology systems of regulated entities
- Require each affected company to assess its specific risk profile
- Design a program that addresses cyber risks in a robust fashion
- Certify compliance with these regulations by senior management
Now that the RMiT BNM/RH/ED 028-11 regulation is in force, it’s imperative for affected organizations to understand the requirements and how to comply with them. BeyondTrust has developed a brief on achieving compliance with the regulation, that also details how BeyondTrust solutions for privileged access management, remote access, and vulnerability management map into the RMiT requirements.
To learn more about this important cybersecurity regulation and how to achieve compliance with it, please download the brief now.