
New IT and cyber incident reporting template now in effect
The reporting framework requires financial institutions to assess materiality promptly and provide regulators with information even while an incident is being investigated.

The reporting framework requires financial institutions to assess materiality promptly and provide regulators with information even while an incident is being investigated.

Joint Standard 2 of 2024 outlines the measures and best practices financial institutions must adopt to ensure robust cybersecurity.

The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.