OSFI announces new requirements for reporting technology and cyber incidents (part one)
November 11, 2021
On August 13, the Office of the Superintendent of Financial Institutions (OSFI), an independent agency of the Government of Canada, released an updated Technology and Cyber Security Incident Reporting Advisory (the Advisory) and new requirements for the Cyber Security Self-Assessment. These changes are both effective immediately. The updates aim to enhance OSFI’s awareness and response to technology and cyber security incidents at federally regulated financial institutions (FRFIs).