About Supervisory ICT Risk and Cybersecurity
The Supervisory ICT Risk and Cybersecurity Function forms part of the MFSA's Supervision Directorate. It is cross-sectoral, and has been recently established to focus on one of the Authority's outlined key strategic priorities – Cybersecurity and Resilience. As a supervisory function, its portfolio of activities include effective supervision, which aims to ensure that regulated firms within the industry, are effectively managing their ICT risks, and have a resilient cybersecurity framework in place in line with Acts, Regulations, rules and sector-specific guidelines. The function participates and contributes in various Working Groups, Task Forces and Committees at local and international levels and develops policies and guidelines for the industry.
The Supervisory ICT Risk and Cybersecurity Function provides expert advice on ICT and Cybersecurity matters to other functions within the MFSA as required. It is also a contributor on emerging strategies especially those that are technology focused. The function is also the contact point for cyber incident reporting by regulated firms.