12 November 2024
Lenee Green, Partner, Gabi Richards-Smith, Partner & Londiwe Mazibuko, Candidate Attorney at Webber Wentzel
Lenee Green
Gabi Richards-Smith
The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have announced that Joint Standard 1 of 2024 (Outsourcing by Insurers) and Joint Standard 2 of 2024 (Cybersecurity and Cyber Resilience Requirements), will be effective on 1 December 2024 and 1 June 2025 respectively.
The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have announced that Joint Standard 1 of 2024 (Outsourcing by Insurers) and Joint Standard 2 of 2024 (Cybersecurity and Cyber Resilience Requirements), will be effective on 1 December 2024 and 1 June 2025 respectively.
Joint Standard 2 of 2024 seeks to address the sector’s concerns against evolving cyber threats and aims to enhance cyber risk management and resilience. The FSCA is urging financial institutions to cater for and mitigate cyber security risks and threats in line with the nature, size, complexity and risk profile of the…
