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Explanation:
According to the Basel Committee’s guidance on cyber resilience, fostering a strong cyber risk culture requires a comprehensive approach. This includes integrating cyber training throughout the employee lifecycle (from recruitment to termination), implementing robust processes and controls to ensure that internal and external parties (employees, contractors, third-party vendors) clearly understand their roles and responsibilities to prevent fraud or misuse, and establishing a unified, organization-wide risk culture. All these elements combined enhance overall cyber risk awareness and resilience. Therefore, all of the provided options are correct.
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Q.4484 According to the Basel Committee’s report on the regulated institutions, cyber risk awareness and risk culture is enhanced through:
A
Cyber training, incorporated in all phases of employment-recruitment to the termination in a regulated institution
B
Having effective processes and controls that ensure that employees, contractors, and third-party dealers understand their roles and responsibilities in the quest to reduce the risk of theft, fraud, or misuse of the institution’s facilities
C
Establishing a common risk culture to ensure effective cyber-risk management
D
All of the above