Page 63 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

With cyber threats on the rise, supervisory focus To strengthen cyber security resilience of capital
was placed on cyber risk management by capital market participants, focused and theme-based
market entities. In 2018, several initiatives were cyber risk examinations are planned for 2019.
undertaken to enhance and improve cyber risk Targeted scrutiny, as and when required, will also be
management within the industry, including regular conducted to inform the SC’s policy and supervisory
monitoring and review of cyber security issues interventions.
on regulated entities through on-site and off-site
engagements.
As part of its efforts to strengthen the industry’s
cyber defence, the SC hosted the first sector-led
In December 2017, self-assessment questionnaires cyber simulation in October 2018. In collaboration
were issued to the industry to gauge controls on with the National Cyber Security Agency (NACSA)
data management. Following the assessment, an and facilitated by Cyber Security Malaysia (CSM),
industry circular was issued detailing several areas the simulation involved 38 capital market entities
of improvement.
that were selected based on the size of their business
operations and reliance on technology.

Diagram 10
capital market cyber simulation to strengthen cyber resilience

Improved clarity on Enhanced working
responsibilities related to relationship and
certain key cyber incident collaboration among
response decisions SC, NACSA & CSM

Accentuated the necessity Better identification of
for established and gaps in cyber incident
easily-located relevant Outcomes response (people,
points of contact processes and
from the Cyber tools)
Simulation

Stronger response
Demonstrated the need for capabilities aligned
efficient communication towards mitigating
and data exchange complex cyber
incidences

Improved time-to-response
Increased understanding through tested cyber
on how cyber incidents incident response
are managed plan

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