BSP adopts new framework requiring banks to strengthen cyber risk assessments
The Bangko Sentral ng Pilipinas has formally overhauled the way it evaluates the technology and cybersecurity controls of banks and other financial institutions, replacing the traditional IT Rating System with a new Supervisory Assessment Framework (SAFr) under BSP Circular No. 1232. The move forms part of the regulator’s broader push to strengthen cyber resilience and operational risk …
BSP adopts new framework requiring banks to strengthen cyber risk assessments Read More »

