Analysis & Insights

Cybersecurity Guide: HKMA Cybersecurity Fortification Initiative 2.0

This ebook expands on the key changes to HKMA’s CFI 2.0, and the C-RAF, as well as highlights how Ensign can help FIs benefit from them.

The increased adoption of new technologies such as Cloud and Internet-of-Things has introduced new risks, giving cyber criminals more opportunities to launch their attacks. Financial institutions continue to be the main target as they possess high-value sensitive data. In light of this, the Hong Kong Monetary Authority (HKMA) has released the Cybersecurity Fortification Initiative (CFI) 2.0. This guide provides insights into the key changes of the CFI 2.0, the Cyber Resilience Assessment Framework (C-RAF), as well as Ensign's recommended approach.

Highlights of the eBook include:

- Summary of the updates in the CFI 2.0 and C-RAF

- 5 key areas that financial institutions need to consider

- Steps financial institutions can take to meet the new requirements