Cyber security risk management

Sep 2015

With the increasing number and sophistication of cyber attacks which greatly impact organisations from a financial and operational perspective, a new circular entitled "Cyber Security Risk Management" was issued by the Hong Kong Monetary Authority (HKMA) on 15 September 2015 that includes guidance related to the responsibility of the Board and senior management of Authorised Institutions (AI) in proactively managing cyber security risks and protecting their critical assets, including sensitive information of customers.

If there is a need, the HKMA will request your institution to submit specific deliverables for the HKMA to assess the output or progress of the work.