Following the public consultation conducted by the MFSA, the Authority has published its Guidance Notes on Cybersecurity. These Guidance Notes set out a minimum set of best practices and risk management procedures to be followed in order to effectively mitigate cyber risks.
The Guidance Notes emphasise, inter alia:
- the need for more effective monitoring as a pivotal element required to ensure that systems and networks are safeguarded in real-time through intrusion detection measures which prompt alerts of any cyber threats;
- the benefits of adopting a data loss prevention framework which would be beneficial in tracking any movement of confidential data through and out of the organisation in order to detect and flag any unauthorised disclosure of such data.
A copy of the Guidance Notes may be found here.