Malawi implements new cyber security guidelines for banks

Monday 17 February 2020 | 11:30 CET | News
The Reserve Bank of Malawi (RBM) has implemented new guidelines to help banks effectively manage data amid increasing cyber security risks, ITWeb reported. Called the Information and Cyber Security Risk Management Guidelines and finalised in October, the new regulations replace IT risk management policies that have been in place since 2016. The guidelines, issued pursuant to Section 96 of the Financial Services Act, 2010, are expected to apply in addition to all other Risk Management Guidelines issued by the central bank. 

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Categories: Internet / Mobile & Wireless
Countries: Malawi
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