MLT FSA ICT and Cybersecurity Views


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.
  • Follows MLT FSA Mar. 2024, circular, ICT and security risks guidance, see #206198.
  • Follows MLT FSA Oct. 2023, on enrollment in cybersecurity projects, see #189046.
  • ICT Risks and 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;
Functions Compliance; C-Suite; Cyber; Financial; Legal; Operations; Outsourcing; Reporting; Resolution; Risk; Technology
Countries Malta
Category National Regulator
State
Products Banking; Custody; Fund Mgt; Insurance; Securities
Regions EMEA
Rule Type Guidance
Rule Date 9/3/2024
Effective Date 9/3/2024
Rule Id 224772
Linked to Rule :206198
Reg. Last Update 9/3/2024
Report Section EU

Last substantive update on 09/05/2024