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
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Nasdaq jumps 2% at open as Treasury yields ease
Bursa Malaysia Securities strike off two dealer’s representatives for violations of rules
SC grants Equitiestracker’s unit fund management licence
Hibiscus Petroleum to undertake capital reduction, share buyback
Ringgit higher against US dollar at close
The Coffee Bean and Tea Leaf eyes to open 140 outlets by year-end
LYC completes acquisition of aesthetic & beauty, dental clinics
Public tranche of Sunview IPO oversubscribed by 63.19 times
MSM appoints Mohd Nazrul Izam Mansor as director
Econpile wins RM24.6mil contract from Berjaya Construction

Others Also Read