OSFI releases updated cyber security self-assessment (part two)
November 11, 2021
The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated Technology and Cyber Security Incident Reporting Advisory and new requirements for the Cyber Security Self-Assessment (the Self-Assessment). Both updated guidance documents are effective immediately. The updates seek to clearly outline OSFI’s expectations for federally regulated financial institutions (FRFIs) when assessing their cybersecurity posture and reporting incidents.