Malaysia’s Financial Institutions Face Steep Climb to Meet Stricter RMiT Cybersecurity Rules
Malaysia’s financial institutions (FIs) are grappling with the heightened demands of Bank Negara Malaysia’s (BNM) updated Risk Management in Technology (RMiT) policy, a regulatory framework aimed at fortifying cybersecurity, third-party risk management, and operational resilience. The policy, whose latest revisions came into force in mid-2023 and mid-2024, imposes more stringent safeguards and…
















