Cyber Fortification Initiative (CFI) HKMA C-RAF 2.0 Implementation

Cyber Fortification Initiative (CFI) HKMA C-RAF 2.0 Cyber Security Implementing

The Hong Kong Monetary Authority (HKMA) finalized and announced the implementation details of the Cybersecurity Fortification Initiative (CFI). The CFI program consists of three key pillars aiming to improve the cyber resilience of Authorized Institutions. Digitpol is helping clients meet the HKMA C-RAF 2.0 standards within the Cybersecurity Fortification Initiative (CFI) in a step by step approach to implement clients existing cybersecurity plan into action and upgrading up your existing cyber security structure to meet the requirement. In cases of clients without a current cyber security, we have the full package ready.

Cyber Resilience Assessment Framework (C-RAF)

The C-RAF is a risk-based framework for Authorized Institutions to assess their own risk profiles and benchmark the level of defence and resilience that would be required to accord appropriate protection against cyber attacks.

Professional Development Programme (PDP)

The PDP is a localised certification scheme and training programme for cybersecurity professionals developed by the HKMA in collaboration with the Hong Kong Institute of Bankers and the Hong Kong Applied Science and Technology Research Institute. It is an integrated and well-structured programme to train and nurture cybersecurity practitioners in the banking and information technology industries, and to enhance their cybersecurity awareness and technical capabilities of conducting cyber resilience assessments and simulation testing.

Cyber Intelligence Sharing Platform (CISP)

The CISP provides an effective infrastructure for sharing intelligence on cyber attacks. The timeliness of receiving alerts or warnings from a commonly shared intelligence platform can help the banking sector as a whole to prepare for possible cyber attacks. The platform was launched by the HKMA in collaboration with the Applied Science and Technology Research Institute and the Hong Kong Association of Banks.

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