The Saudi Arabian Monetary Authority (SAMA) is the central bank of Saudi Arabia and is responsible for the country’s monetary policy. As part of its mission to promote the safety and soundness of the financial system, SAMA has developed a comprehensive Cyber Security Framework to protect the financial sector from cyber threats. The Framework is designed to help member organizations manage their cyber security risks and ensure that they are compliant with the latest regulations. It includes guidelines on risk assessment, incident response, secure coding practices, and security awareness training.
The framework includes a range of measures such as the implementation of technical and administrative controls, regular testing and monitoring, and the development of incident response plans. Additionally, the framework outlines the roles and responsibilities of various stakeholders, including government agencies, financial institutions, and the private sector.