Concerns related to risks associated with using technology are highlighted on a daily basis in the media. Regulatory bodies have been forced to intervene and guide Financial Institutions to protect themselves and their customer information.
As such, The Bank Negara Malaysia (“BNM”) has released a Risk Management in Technology (“RMiT”) policy containing Standards and Guidelines for any financial institution operating in Malaysia.
The new policy represent requirements to help financial institutions better manage technology-related risks and enhance technology resiliency.
Pragma has reviewed these Standards and Guidelines and summarised the key points to consider in this “Insight” document. Download the document here or fill out the form below.