MUSCAT : Through the Regulatory Framework, the CBO aims to set requirements in licensed institutions to address and strengthen their management of cyber security risks. It also aims to reach the same level of maturity of cyber security controls across the licensed institutions.
The framework will be applicable for banks, financing and leasing companies, money exchange companies and payment service providers.
The CBO noted that the main control domains are structured as follows:
- Compliance & Audit
- Technology & Operations
- Third-Party Supply Chain Management
- Online Financial Services
- Risk Management
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