The Bank of Mauritius’s Guideline on Cyber and Technology Risk Management, published in May 2023, outlines the minimum requirements in which banks and payment service providers are expected to implement cyber and technology risk management measures. The primary goal of this guidance is to ensure cyber risks are well understood and managed appropriately within financial organizations operating in Mauritius. This guideline is largely based on the recommendations detailed in the Cyber Resilience Oversight Expectations (CROE) for Financial Market Infrastructures issued by the European Central Bank in December 2018.
The Bank’s Guideline have been constructed around a ten-part framework. Each of these ten sections outlines specific requirements and recommendations as they relate to various cybersecurity components, such as threat response, governance, and training. Each section contains detailed sub-sections, illustrating substantial requirements ranging from specific cybersecurity architectures to personnel policies.
Read this guide to better understand how BeyondTrust Privileged Access Management (PAM) solutions map into requirements set forth in the Bank of Mauritius’s Guideline on Cyber and Technology Risk Management. IT and security administrators within these organizations may use this guide to gain a clearer understanding of the requirements set forth in the 2023 Guideline and to learn how to use BeyondTrust solutions and their capabilities to comply.