Cyber Matterz

SAMA Compliance

The Saudi Arabian Monetary Authority (SAMA) has introduced the SAMA Cyber Security Framework to provide guidance to organizations in safeguarding their critical information assets and online services. This initiative is part of the central bank’s commitment to enhancing sound practices in financial institutions and ensuring compliance with industry standards. The Cyber Security Framework aims to bolster Cyber Resilience by adopting best practices, drawing from various government frameworks and industry standards such as NIST, PCI DSS, ISO 27001/27002, and Basel II. Implementation of this framework assists organizations in achieving a baseline of security to effectively manage and withstand the escalating threats in the realm of Cyber Security. The Compliance Standard and Framework are applicable to all Financial Institutions regulated by SAMA, collectively referred to as Member Organizations. This includes banks, insurance companies, and finance companies operating within Saudi Arabia.

 

Cyber Matterz Approach To SAMA CSF, IT Governance Compliance

Initial study

Begin with an initial business analysis to grasp the intricacies of your card processes and the surrounding environment. Afterward, streamline the scope.

Scope Definition

Gain insight into your company's functions, controls, and systems to delineate the necessary scope (People, Process, and Technology).

Gap Analysis

Evaluate your organization against the SAMA to pinpoint areas that demand focus.

Awareness Training

Provide a concise SAMA Awareness Training session for your organization.

Asset Classification

Recognize your vital information assets and categorize them, accordingly, establishing a distinct inventory of assets.

Risk Assessment

Undertake a comprehensive risk assessment to uncover vulnerabilities and deficiencies that may pose a threat to your organization's business-critical assets.

Risk Treatment

Our specialists will prioritize the identified risks and support you in devising suitable measures for risk treatment.

Documentation Support

We aid in developing policy and procedure documents, incorporating input and validation from your team.

Policy rollout support

Our process and technical team will work closely with your team to support the implementation of SAMA and associated policy rollouts.

Rollout User Training

Implement a user training initiative on specific SAMA responsibilities for all personnel within the defined scope, accompanied by provided training materials.

Pre-Assessment

An independent team of specialists performs a preliminary evaluation of your setup and assesses the implemented measures after a reasonable incubation period.

SAMA Compliance Audit

Following a reasonable gestation period, a dedicated team of qualified and experienced auditors carries out a pre-assessment of your infrastructure. This ensures the implementation of all measures and identifies any deviations from the established policies and procedures outlined by the SAMA.

Continual Support

If required, we offer continuous support through Managed Compliance Services to help your organization maintain its certified status.
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Why

Cyber Matterz?

  • Issuing audit certificates and reports for enhanced organizational market branding and acceptance.
  • Providing a secure cloud-based portal with two-factor authentication for reporting and progress tracking.
  • Operating as a vendor-neutral consultancy and advisory service company.
  • Strictly adhering to a no outsourcing policy.
  • Specializing in risk management, compliance solutions, and consultancy services.
  • Focusing on areas such as cyber resilience, data protection, and cybersecurity solutions.
  • Employing a pragmatic approach to ensure compliance.
  • Backed by over a decade of industry experience and expertise.
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SAMA CSF, IT Governance Compliance