On Sep. 3, MLT FSA published report on ICT, cybersecurity insights.
MLT FSA published its insights in report The Nature and Art of Financial Supervision, Volume XI, Supervisory ICT Risk and Cybersecurity by MLT FSA's SIRC Function.
Increasing reliance on digital processes, tools, and the economy itself, the financial services sector faces heightened exposure to operational risks in this area.
In particular, the Information and Communication Technology (ICT) risks.
MLT FSA's latest volume, offers a detailed and updated account of the work conducted by MLT FSA's Supervisory ICT Risk and Cybersecurity (SIRC) Function.
This edition shows MLT FSA's adapting to key regulatory developments, such as the Digital Operational Resilience Act (DORA) and highlights its ongoing commitments.
Specifically to enhancing digital operational resilience and cyber-maturity within Malta's financial sector, and elaborates on several supervisory efforts made by SIRC.
Report sets out MLT FSA's ICT and Cybersecurity supervision within the context of outcome-based supervision throughout supervisory lifecycle of Authorized Persons.
Regulators
MLT FSA
Entity Types
B/D; Bank; Depo; Fiduciary; IA; IB; Ins; Inv Co
Reference
PR, Rp Volume XI, 9/3/2024; DORA Dir 2022/2556, Reg 2022/2554;
