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.
NESA / SIA
The National Electronic Security Authority (NESA) is an independent federal authority in the United Arab Emirates (UAE) responsible for protecting the country's critical infrastructure and cyber security. NESA is in charge of the security and integrity of information systems, networks, and services. It also provides security guidance, standards, and regulations to ensure the safety of the nation’s information systems. In addition, NESA is responsible for developing and implementing the UAE’s Security Industry Authority (SIA) program, which is designed to protect the security of the nation’s critical infrastructure.
CyRAACS is a leading Risk & Compliance service provider in UAE, helping companies achieve NESA / SIA Compliance using UAE Information Assurance Standards.
NESA is also responsible for monitoring and responding to cyber threats, and for providing training and awareness programs to help organizations and individuals protect themselves against cyber threats.
DFSA
The Dubai Financial Services Authority (DFSA) is an independent regulator of the financial services industry in the Dubai International Financial Centre (DIFC). It was established in 2004 to promote the development of a secure and efficient financial services sector in the DIFC. The DFSA is responsible for regulating and supervising all financial services activities conducted within the DIFC, and for enforcing the laws and regulations applicable to those activities.
The DFSA provides a robust regulatory framework to ensure the integrity and stability of the financial services sector in the DIFC. The DFSA also works to ensure that the financial services industry in the DIFC is operated in a fair, transparent and efficient manner. The DFSA also provides oversight and guidance to financial services firms, as well as to individuals and other stakeholders, to ensure that they comply with applicable laws and regulations.
GDPR
The General Data Protection Regulation (GDPR) is a comprehensive set of data privacy regulations that were created to protect the personal data of European Union citizens. The GDPR sets out clear and strict rules governing how companies collect, store, and use personal data. It also requires companies to be transparent about the data they collect, and to provide individuals with the right to access, delete, and transfer their personal data. Companies must also notify individuals of data breaches and provide them with the ability to opt out of data collection. The GDPR is an important step in protecting the personal data of EU citizens, and companies must take steps to ensure that they are compliant with the GDPR in order to avoid penalties.
ISR
Information Security Regulation (ISR) is a set of rules that govern how organizations protect their sensitive data and systems. ISR outlines the security measures that must be taken to protect data and systems, such as authentication, encryption, access control, and data integrity. These regulations are designed to ensure that organizations take appropriate steps to protect their data and systems from unauthorized access, modification, or destruction. ISR also helps organizations comply with relevant laws and regulations, such as those related to data privacy and cybersecurity. With the rise of cyber-attacks, ISR is becoming increasingly important for organizations to ensure the safety of their data and systems. By following ISR, organizations can ensure their data and systems are secure and protected from malicious actors.
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