Cyber Security has for long been a huge threat for businesses around the world. It is considered to be one of the top risks that businesses are exposed to in the Middle East. More so, in Saudi Arabia, Cyber Security is seen as a major threat for its widespread adoption of advanced technology across industries.
Studies suggest that Saudi Arabia is one of the most highly-targeted countries for cyber-attacks. So, to build strong Cyber Security resilience, the governing bodies and regulatory entities of Saudi Arabia established a stringent Cyber Security framework and guideline to help businesses strengthen their security postures.
The Saudi Arabian Monetary Authority (SAMA) which is the central bank of Saudi Arabia established the SAMA-Cyber Security Framework as a defense against the growing cyber threats. Covering the highlights of the framework in today’s article, we have briefly explained what the framework constitutes and to whom is it applicable.
What is SAMA –Cyber Security Framework
The Saudi Arabian Monetary Authority established the Cyber Security Framework in the year 2017 to guide organizations in effectively identifying and addressing Cyber Security risks. The framework encompasses best practices of various other industry standards, regulatory and compliance frameworks including the National Institute of Standards and Technology Framework for Improving Critical Infrastructure Cyber Security (NIST CSF), Payment Card Industry Data Security Standard (PCI DSS), and ISO 27001/27002 Information Security Management Standards and Basel II International Convergence of Capital Measurement and Capital Standards.
Assessing the maturity level of an organization’s Cyber Security program is crucial for business.
This is because the evaluation process helps the organization determine the areas of improvement.
This further enables them to embed strong security policies and controls in their work culture and process.In Saudi Arabia, Member Organizations who fall in the scope of the SAMA Cyber Security Framework are required to determine and measure the maturity levels against the Cyber Security Maturity Model outlined in the Cyber Security Framework.
Explaining this in detail, we have today covered an article that will help you understand the Security Maturity Model outlined by SAMA.
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