ICT Risk Management refers to the identification, assessment, and mitigation of risks associated with information and communication technologies (ICT). This includes ensuring that ICT systems and processes are robust enough to withstand disruptions and remain secure.
Score range:
1 = No Compliance, 5 = Full Compliance
Governance and oversight focus on ensuring that the financial institution has a well-structured approach to managing ICT risks. This includes clear accountability, the establishment of policies, and continuous monitoring of compliance.
Score range:
1 = No Compliance, 5 = Full Compliance
ICT Security refers to the implementation of security measures designed to protect ICT systems and data from unauthorized access, cyberattacks, and other threats. It also includes ensuring the integrity and confidentiality of the financial institution’s data.
Score range:
1 = No Compliance, 5 = Full Compliance
Incident Reporting involves the timely identification, documentation, and reporting of ICT-related incidents (e.g., data breaches, system outages) that could affect the institution’s operations or its customers.
Score range:
1 = No Compliance, 5 = Full Compliance
Business Continuity and Disaster Recovery involve preparing for and responding to situations where critical services or systems are disrupted. The goal is to maintain or quickly restore the institution's ability to operate, even during significant disruptions.
Score range:
1 = No Compliance, 5 = Full Compliance
Data Protection and Security focus on ensuring that sensitive data is adequately protected from unauthorized access, loss, or corruption. Compliance with data protection regulations (e.g., GDPR) is key to safeguarding the privacy of individuals and organizations.
Score range:
1 = No Compliance, 5 = Full Compliance