CNBV cancels creation of Circular on cybersecurity

Instead of the Single Circular, the CNBV will work on homogenizing standards in its other cybersecurity circulars.
The National Banking and Securities Commission (CNBV) said that the Single Cybersecurity Circular will no longer be issu,

This would have been the legal framework to regulate the minimum necessary to mitigate cyber risks in all financial institutions.

“Right now we have a bit of a change in our vision

“What we found when we did the detail study was that some sectors already had many cybersecurity elements that made them resilient or at least had minimum standards.

“There are other sectors that are not as well-equipp, so instead of a Single Cybersecurity Circular, what we are working on is homogenizing minimum standards.

“So we are not going to publish a single circular because the sectors are very different. What we are going to do is standardize the standards in the different circulars.”

This was stat by its Vice President for Regulatory Policy , Lucía Buenrostro, at the Eighth Amsofipo Convention.

Daniel Miranda, General Director of Regulatory Development at the CNBV , explain that work is underway to find a standard.

Well, there are currently various brazil whatsapp number data provisions and each one has certain requirements regarding information security.

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This cybersecurity standard would be implement gradually, starting with those entities that have register the greatest digitalization.

“We are working on finding a standard

today it is not necessarily defin what the global standard is in cybersecurity issues,

“Or what is the standard with which we would like the Mexican financial system to converge and how are we going to implement it? It how i do in-house consulting working with client teams should also be gradual depending on the entities.

“Which entities will be consider initially? Without a doubt, those that are tending towards more digital operations and are cmo email list more expos to these risks.

“But it is not just about developing systems, but also everything that has to do with a governance structure,” Miranda said.

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