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    MFSA to Review Management of ICT and Cybersecurity Risks

    April 29, 2021

    MFSA is conducting a cross-sectoral desk-based review on the management of information and communications technology (ICT) and cybersecurity risks. This is being done following the release of the Guidance on Technology Arrangements, ICT and Security Risk Management, and Outsourcing Arrangements and in line with the MFSA Supervisory Priorities for 2021. In this context, a self-assessment questionnaire is being released and will be distributed to the respective license holders in phases.

    The review is being carried out by the supervisory ICT risk and cybersecurity function of MFSA. License holders will be receiving instructions to complete and submit their self-assessment questionnaire via an e-mail addressed to the Compliance Officer. Submission of the self-assessment questionnaire by license holders is mandatory and is required to be carried out within two months from receipt of the e-mail. The self-assessment questionnaire covers:

    • ICT governance and strategy
    • ICT and security risk management
    • Information security
    • ICT operations management
    • Business continuity management
    • ICT project and change management
    • ICT systems acquisition and development
    • ICT outsourcing arrangements

     

    Related Link: Press Release

     

    Keywords: Europe, EU, Malta, Banking, Self-Assessment Questionnaire, Cyber Risk, ICT Risk, Outsourcing Risk, Business Continuity, Operational Risk, Business Outsourcing, Operational Risk, MFSA

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