HKMA Cyber Resilience Assessment Framework (C-RAF)
Domain 1: Governance – HKMA Cyber Resilience Assessment Framework (C-RAF)

HKMA Cyber Resilience Assessment Framework (C-RAF) 1.1.I: 1.1 Cyber resilience oversight: intermediate level

Intermediate control principles for cyber resilience oversight (required, with baseline, of an AI whose inherent risk is medium). A cyber risk appetite statement is approved by the board or a board committee; the board or committee reviews and approves the cybersecurity programme at least annually; management or a dedicated committee owns compliance with cyber legal and regulatory requirements; cyber risks beyond appetite are escalated to management or that committee; the board or committee approves management's prioritisation and resource allocation based on the cyber risk assessment results; the written status report to the board or committee becomes at least quarterly.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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