SAMA – Saudia Arabian Monetary Authority – Compliance
SAMA is the pinnacle of Enterprise Risk Management. CDWT offers fully managed compliance solutions and services.
Maximize information security and guarantee total protection of corporate operations with SAMA (Saudi Arabian Monetary Authority) compliance, governed by the Saudi Central Bank.
Saudi Arabia’s central bank is referred to as the Saudi Arabian Monetary Authority (SAMA). SAMA controls and regulates the legality, procedures, and information security plans of all regional financial institutions and banking institutions. A few years ago, SAMA introduced the Cyber Security Framework to guide financial institutions with standard protocols, top-tier cybersecurity practises, and methodologies to build cyber resilience within the organization’s practises and protect databases, workloads, assets, information flows, and sensitive digital data from all emerging cyber threats.
The Framework’s objectives include designing a common cybersecurity management approach for SAMA-affiliated finance organisations, assisting organisations in attaining commendable levels of security, and ensuring that all threats are managed appropriately using the most recent technologies and frameworks. The Framework considers SAMA’s criteria in addition to NIST, ISF, ISO, BASEL, and PCI’s leading cybersecurity standards.
Broomfield Colorado Lockheed Martin logo Senior Systems Administrator (Saudi Arabian Monetary Authority) Cybersecurity Framework Compliant?
Emerging protection against cyberattacks and threats
The reserve bank often updates and revises security standards to ensure that banks and other financial service providers are current with new regulatory criteria and better equipped to cope with emerging risks.
Maintain legal compliance and currency
The Saudi Central Bank's examination of SAMA compliance offers a detailed, repeatable, step-by-step road map. The whole procedure is readily documentable, and there are several internet tools available to assist. You need not recreate the wheel every time. It is easy and saves much time and effort.
Improve Business Reputation
Compliance with SAMA is undeniably a differentiation. In today's day of intense competition, it is quite tough to distinguish your brand. In addition to boosting security with comprehensive gap analysis, it sends a clear statement that you respect your customers' privacy. This especially assists financial service providers in enhancing their brand reputation.
Improved Information Administration
The majority of suppliers of financial services place a premium on risk management and compliance. Certification for SAMA compliance helps companies to perform a comprehensive internal audit and establish a more effective and quantifiable information security strategy. This provides the highest level of security for classified and sensitive client data.
A Glance: IRAP Evaluation and Compliance
Cybersecurity Governance and Leadership
- Cybersecurity Governance
- Cybersecurity Strategy
- Cybersecurity Policy
- Cybersecurity Roles and Responsibilities
- Cybersecurity in Project Management
- Cybersecurity Awareness
- Cybersecurity Training
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Management of Cybersecurity Risk and Compliance
- Cybersecurity Risk Management
- Regulatory Compliance
- Compliance with International Industry Standards
- Cybersecurity Review
- Cybersecurity Audit
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Cybersecurity Technology and Operations
- Human Resources
- Physical Security
- Asset Management
- Cybersecurity Architecture
- Identity and Access Management
- Application Security
- Change Management
- Infra Security
- Cryptography
- BYOD
- Secure Disposal of Information Assets
- Payment Systems
- Electronic Banking Services
- Secure Disposal of Information Assets
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External Cybersecurity
- Contract and Vendor Management
- Outsourcing
- Cloud Computing
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Managed Compliance Services from CDWT
CDWT’s Managed Compliance Services enable enterprises to supplement their IT infrastructure, security networks, cloud platforms, data structures, and software/apps in order to become completely compliant with global legislation and standards.
We investigate customer landscapes, access functionalities, and workloads in collaboration with A-star compliance professionals and modern technologies to validate whether or not they adhere to respective protocols while bestowing effective strategies and employing critical processes to risk-proof compliance globally. CDWT Managed Compliance Services protect essential cloud platforms including hyperscaler cloud landscapes, private clouds, third-party environments, on-premises or remote ecosystems, and assist them in becoming completely compliant with the following services:
IRAP
The Information Security Registered Assessors Program (IRAP) is a collection of security procedures and frameworks designed to audit, assess, and measure an organization's cybersecurity effectiveness in accordance with Australian security laws and standards. The Australian Signals Directorate keeps an eye on this (ASD)
Bank Negara Malaysia
Bank Negara Malaysia oversees a key compliance structure and laws pertaining to BFSI operations and financial institutions (BNM)
Oman's Central Bank
Oman's Central Bank has approved regulations that apply to all BFSI services including financial institutions.
SAMA
Saudi Arabian Monetary Authority-regulated centralized cybersecurity framework and methods to aid enterprises across all sectors in efficiently protecting their operations, assets, and data.
FINMA
Swiss Financial Market Supervisory Authority regulations and frameworks for supervising banks, financial institutions, insurance companies, stock exchanges, securities dealers, and so on.
UAE Regulations
Enhanced UAE compliance with relation to data residency, privacy, and other legislation affecting corporate activities in the UAE.
RBI
Security, operational management, data administration, and other compliance rules apply to BFSI operations and financial institutions. Delivered by the Reserve Bank of India, the nation’s leading financial body.
MAS
The Monetary Body of Singapore, the country's primary BFSI authority, established guidelines on outsourcing financial institutions' operations and procedures.
OJK
The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan) issues and monitors regulations on the running and operations of financial institutions.
GDPR
The General Data Protection Regulation (GDPR) is a set of advanced laws that control the gathering and use of personal data from European Union residents.
PCI-DSS
The Payment Cards Industry Data Security Standard establishes guidelines and benchmarks to guarantee that all businesses receiving, storing, and processing credit card data operate in a secure environment.
HIPAA
The Health Insurance Portability and Accountability Act establishes standards and protocols to safeguard the privacy, confidentiality, and integrity of sensitive patient information. Healthcare organizations get the HITRUST (Health Information Trust Alliance) accreditation as verification that they meet HIPAA regulations.
GXP
The GXP compliance standard is an abbreviation for regulatory standards and recommendations applicable to a larger range of life sciences, food, and medical items, among other things (the 'X' stands for any letter appropriate vertically). Good Laboratory Practices (GLP), Good Clinical Practices (GCP), and Good Manufacturing Practices (GMP) are a few examples (GMP).
ISO Standards
Introduced by the International Organization for Standardization, these frameworks validate the worldwide standard standards applicable to any item or service. The number after an ISO denotes the category: ISO-27001, ISO-27017, ISO-27018, ISO-22301, ISO-20000, and so on.