Background and Context

Cyber threats and incidents to the financial sector in Jamaica, and globally, pose a serious hazard to financial stability.
This consultation paper on the Management of Cyber Risks (“Guidelines”) is intended to establish minimum standards and guidelines on the management of cyber risk for the licensees under the Insurance Act, the Pensions Act, and the Securities Act. Each licensed financial institution (“FI”) is expected to put an effective framework in place to manage the cyber risk exposures inherent in their operations, which could also result in significant financial loss, legal liabilities and reputational damage.

Date of effect:

December 22, 2023

Legal Code:






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