Bank Negara (Malaysia) Policy Document Risk Management in Technology (RMiT)
The Bank Negara Policy Document RMiT refers to the Risk Management in Technology (RMiT) policy document issued by Bank Negara Malaysia, that is the central bank of Malaysia. This policy document outlines the requirements for financial institutions of the country regarding the management of technology risk.
This regulatory compliance issued by Bank Negara Malaysia on 1 June 2023 applies to all financial institutions operating within Malaysia and aims to maintain public confidence in the financial system by providing robust cyber fortification.
In this paper, we have discussed Bank Negara Policy Document RMiT mandate S–10.52: to S–10.60: Access Control in the below table and how ARCON | Privileged Access Management (PAM) solution helps to comply with the mandates.