On January 24, the Superintendent of Banks and Financial Institutions (Superintendencia de Bancos y Instituciones Financieras) issued (source document in Spanish) a regulation requiring financial entities to incorporate certain cybersecurity steps into managerial policies. The entities must now disclose logical information assets considered critical to the business operation and to the financial system. In addition, the regulation encourages financial institutions to develop secure practices without intervention or mandates from the government.
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