The Hong Kong Monetary Authority (HKMA) has launched a competency framework for cyber security. In the first phase of its implementation, it will be used to train staff in areas such as cybersecurity, information security and data protection. In a statement, the HKMA said that with the increasing number of cyberattacks on financial institutions, it was important to improve capabilities to defend against such attacks. Although not mandatory, institutions are being encouraged to adopt it. Hong Kong's banking regulator has launched a competency framework for cyber security, as part of a bid to help banks in the territory offer reliable and innovative banking services. Banks are also being encouraged to keep records of the training and qualifications of staff engaged in cyber security.
The Hong Kong Monetary Authority (HKMA) has launched a competency framework for cyber security. In the first phase of its implementation, it will be used to train staff in areas such as cybersecurity, information security and data protection. In a statement, the HKMA said that with the increasing number of cyberattacks on financial institutions, it was important to improve capabilities to defend against such attacks. Although not mandatory, institutions are being encouraged to adopt it. Banks are also being encouraged to keep records of the training and qualifications of staff engaged in cyber security.