On the 12th of July 2022, the Malta Financial Services Authority (the “MFSA”) issued a Consultation Document on the reporting of major ICT-related incidents with a consultation period expiring on the 5th of August 2022. The MFSA worked on introducing an updated major ICT-related incident reporting process that replaces the previous process that was communicated on the 25th of September 2019 entitled ‘Cybersecurity - Threat Mitigation’. The former process was introduced with the aim of safeguarding national as well as international financial institutions from malicious attack campaigns. The MFSA issued a renovated major ICT-related incident reporting process in line with…
Anthea Sammut17th October 2022