Tag archives: cyber risk

OSFI’s Technology and Cyber Risk Management Guideline: Part 1

innovation circuit boardOn July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. FRFIs will need ensure that they have taken steps to comply with the requirements … Continue reading

Australian Mandatory Data Breach Regime Moves Closer to Reality

Data Protection Report - Norton Rose FulbrightAs mentioned in our previous legal update, the Australian Attorney-General’s Department released and sought comments on an exposure draft of a mandatory data breach notification bill, the Privacy Amendment (Notification of Serious Data Breaches) Bill 2015 (Cth) (Exposure Bill). The time for submissions has now closed, and the Attorney-General’s Department has published a number of the non-confidential … Continue reading

UK Hedge Fund Standards Board issues cybersecurity guidance

Data Protection Report - Norton Rose FulbrightThe UK Hedge Fund Standards Board (HFSB) announced on September 17, 2015, that it has added a “Cybersecurity Memo” to its Toolbox function. The Toolbox provides guidance to managers, investors, and fund directors on fund-related issues such as governance, internal processing, and reporting. The Toolbox acts as a complement to the HFSB’s standard-setting activities.… Continue reading
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