Complying with Bank Negara Malaysia Risk Management in Technology (RMiT) Guidelines
The Risk Management in Technology (RMiT) exposure draft published by Bank Negara Malaysia on 5 September 2018 is intended to formalize the development of consistent risk management programs in all Malaysian Financial institutions.The impact is broad and affects licensed local and international banks, insurers, takaful operations, financial institutions, issuers of e-money and operators of designated payment systems.
The purpose of the policy is to help Malaysian Financial institutions establish the necessary frameworks, management structures, policies and procedures to ensure that said institutions maintain their cyberexposure to a level commensurate to their risk.
This whitepaper will focus on applying the NIST Cybersecurity Framework (CSF) as a well-defined tool to help organizations in Malaysia to comply with these new regulations. Learn more about using best practice guidelines to help organizations identify, implement and enhance their cybersecurity practices and use a common language to communicate issues to stakeholders. Download it now.