About Cyber Security and ICT Risk
The Cyber security and ICT risk function provides specialist services and support to Authorisation and supervision teams at the Authority across all financial sectors as part of the overall supervisory framework.
It is responsible for the assessment of fit and proper cyber security posture, ICT strategic alignment to Business strategy, ICT governance, and general ICT risk profile, exposures and controls of Licenced Holders and applicants seeking Authorisation based on established regulatory frameworks, technical standards and guidelines.
The function therefore provides the necessary technical risk assessments and guidance as part of the Authority’s holistic risk-based supervision model. It also supports the development of policy and supervisory work related to cyber security and ICT risk. Furthermore, the function provides technical support and coordination in terms of cyber security forensics, supervisory investigations or enforcement actions as required.