5.15. Egypt Financial Cyber Security Framework Digital v1 Compliance

Purpose

The purpose of the Egypt Financial Cyber Security Framework Digital v1 compliance is to reduce cyber security risks for financial institutions in Egypt. This framework defines the necessary requirements and practices that will help financial institutions manage their cyber security risks.

Scope

The Egypt Financial Cyber Security Framework Digital v1 applies to all financial institutions licensed or regulated by the Central Bank of Egypt (CBE). These institutions include:

Banks
Insurance companies
Valuation companies
Securities brokerage firms
Financial consulting firms
Requirements

Egypt Financial Cyber Security Framework Digital v1 compliance requires financial institutions to provide the following:

Adequate cyber security awareness and training
Effective cyber security policies and procedures
Adequate cyber security infrastructure and applications
Effective cyber security controls and monitoring
Summary

Egypt Financial Cyber Security Framework Digital v1 compliance helps financial institutions reduce cyber security risks and ensure the security of customer data. This is important for protecting the soundness and reliability of the Egyptian financial system.