In times of increasing reliance of the insurance sector on the technology, it has become vital to ensure that the insurer’s information technology systems, and of its partners and intermediaries are fully secure from cyber risks.
Securities and Exchange Commission of Pakistan (SECP) issued Guidelines on Cybersecurity Framework for the Insurance Sector, 2020 (“Guidelines”) for adoption of suitable cybersecurity measures.
Applicability
On all insurers, including takaful operators registered under the Insurance Ordinance 2000.
