Digital Asset Business (Cybersecurity) Rules 2018

Every 'licensed undertaking' in Bermuda shall file annually a written report (prepared by its Chief Information Security Officer) assessing the availability, functionality and integrity of its electronic systems which shall include identifying associated risks arising from a digital asset business and a cybersecurity policy that is in place which addresses identified inadequacies, including a detailed response plan.

An  audit is required annually and includes, at least quarterly, penetration testing and vulnerability assessment. An audit trail system must be in place:

  • maintaining and protecting the integrity of an audit trail so that complete and accurate reconstruction of all financial transactions and accounting can occur; 
  • protecting the integrity of data stored (ensuring hardware and software are free from alteration and tampering), maintaining system logging (including access and events records)

Document Details

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2018
Date of Document: 
Friday, September 7, 2018

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