Malaysian banks and financial institutions are no longer secure. Even the most guarded businesses were infiltrated by a new generation of savvy cyber attackers as a result of the pandemic limitations. The attack increased by 82% from March to April 2020, adding to the sector’s difficulties.

Bank Negara Malaysia, the country’s central bank, strengthened the Risk Management in Technology (RMiT) rules to assure the ongoing provision of key financial services to clients while safeguarding sensitive customer information. Banks in the area must now assure compliance with the new regulations in order to protect operations and data integrity. Our white paper outlines the compliance standards as well as the top three factors to consider when selecting the ideal partner to provide a safe, secure, and compliant security environment.