SC seeks public feedback on managing cyber security risk


A man types on a computer keyboard in this February 28, 2013 file photo illustration. REUTERS/Kacper Pempel/Files

KUALA LUMPUR: The Securities Commission (SC) on Monday published a consultation paper seeking public feedback on the proposed regulatory framework relating to the management of cyber security risk by capital market participants.
 
“While the significant benefits of information technology are well recognised, greater dependency by capital market participants on information technology and Internet connectivity has given rise to increased cyber security risk. This in turn raises concerns regarding the protection and preservation of the confidentiality, integrity and availability of information systems,” the regulator said in a statement. 
 
The SC said it viewed sound management of cyber security risk as a key priority to further strengthen the resilience of the Malaysian capital markets.

“This includes setting the direction for effective management of risks by the company’s board of directors and establishing internal cyber security policies and procedures,” it said. 
          
The consultation paper in relation to the proposed regulatory framework is available on the SC’s website. Interested parties and the public are welcome to submit their comments and feedback to the address or email cyberconsult@seccom.com.my.
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