Banks and ﬁnancial institutes in Malaysia are not safe anymore. The pandemic restrictions led to the rise of a new breed of sophisticated cyber attackers, penetrating even the most secure enterprises. The attack grew by 82% in March - April 2020, adding to the challenges for the BFSI sector.
Bank Negara Malaysia, the central bank of the country, enhanced the Risk Management in Technology (RMiT) guidelines to ensure the continuous availability of essential ﬁnancial services to customers, while protecting critical customer data. Banks in the region now must ensure compliance to the new guidelines to safeguard operations and data integrity. Our white paper details the compliance requirements and also lays down top 3 considerations to choose the perfect partner in ensuring a safe, secure and compliant security landscape.