Malta: Cybersecurity Update

Following the publication of the MFSA Consultation Noes on Cybersecurity , the MFSA has finalised its Guidance Note on Cybersecurity as a minimum set of best practices and risk management procedures to be followed in order to effectively mitigate cyber risks. This will also provide support for proactive ongoing monitoring as it is a pivotal element required to ensure that systems and networks are safeguarded in real-time through intrusion detection measures which prompt alerts of any cyber threats and it was also concluded that a Data Loss Prevention framework would be beneficial in tracking any movement of confidential data through and out of the organisation in order to detect and flag any unauthorised disclosure of such data. The report also recommends steps to prevent critical lock out scenarios via tests on the effectiveness of a privileged access management policy in order to mitigate against critical lock out scenarios and also on the anti-theft steps to ensure non-theft by authorised key holders.

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