Fortifying Financial Institutions Against Emerging Cyber Threats and Regulatory Demands

In 2025, Malaysia’s financial sector faces a surge in cyber threats, from ransomware and data breaches to advanced attacks on digital infrastructure. As institutions accelerate digital adoption, protecting sensitive data and ensuring operational continuity has become more critical than ever.

In response to these growing risks, Bank Negara Malaysia’s (BNM) updated Risk Management in Technology (RMiT) framework, will see introduce stricter guidelines and expectations for financial institutions, with a focus on risk management, data protection, resilience, and regulatory compliance.

The updated RMiT framework brings a new wave of urgency and uncertainty. For many institutions, the challenge is not just meeting regulatory requirements, it’s understanding how to operationalise and scale new risk management protocols in a rapidly evolving digital landscape.

The Importance of Data Resilience and Cyber Protection in the Era of RMiT

As cloud adoption grows and the digital landscape evolves, financial institutions face increasing regulatory complexity. The updated RMiT framework will demand a stronger focus on data resilience and protection. Ensuring data is both secure and quickly recoverable after a cyberattack is now essential for compliance and continuity.

Data resilience is no longer optional; it is critical. With rising cyber threats and regulatory pressure, institutions need solutions that offer continuous protection, real-time monitoring, and automated recovery to stay secure and operational.

Aligning with RMiT: What Financial Institutions Should Prioritise

As the new RMiT framework approaches, financial institutions should focus on four critical areas:

Data Protection by Design: With increased reliance on digital platforms, safeguarding sensitive data through immutable backups and integrated protection is essential.
Swift Recovery: Resilience means being able to recover fast from ransomware or other cyber incidents, with clean, uncompromised data ready to restore.
Compliance at Scale: Automated monitoring, reporting, and policy enforcement will help institutions demonstrate compliance efficiently, even across complex environments.
Visibility & Control: Strong access controls and real-time monitoring are vital to securing sensitive data and reducing risk exposure.

Preparing for a Resilient Future in Financial Services

As the financial sector prepares for the updated RMiT framework, cyber resilience will be a key priority. The updated regulations allow financial institutions to strengthen their security posture by adopting cloud-first strategies and implementing robust data protection practices. Institutions that invest in cloud-ready data protection, automated recovery, and continuous compliance monitoring will be better equipped to navigate the evolving cybersecurity landscape.

By proactively adopting resilient technologies and cloud-based solutions, financial institutions can not only meet the requirements of the updated RMiT framework but also build a stronger, more secure foundation for the future.

Join the OpenGov Breakfast Insight to discover how Malaysia’s financial services industry can better align with emerging regulatory frameworks and navigate the evolving cyber risk landscape.

This session will focus on how financial institutions can ensure compliance with the updated Risk Management in Technology (RMiT) framework while strengthening their data protection, cloud security, and cyber resilience strategies.

As cyber threats grow more sophisticated, staying ahead of potential risks is crucial. Learn how robust cybersecurity measures and cloud-native solutions can empower financial institutions to safeguard their critical assets.

In this session, delegates will:

EXPLORE the evolving landscape of cloud risk management and how the updated RMiT framework will impact financial institutions’ data protection and security approach.
LEARN how to implement cloud-native data protection solutions that ensure critical data is secure, recoverable, and compliant with regulatory standards.
DISCOVER how automated threat detection and data resilience strategies can help proactively identify and mitigate risks, ensuring rapid recovery from cyber incidents.
GAIN isights into streamlining compliance with RMiT through automated monitoring, reporting, and auditing tools, ensuring continuous adherence to evolving regulations.
UNDERSTAND the role of data resilience and cloud-first strategies in enhancing overall security posture, ensuring minimal disruption to operations and safeguarding business continuity.

Who Should Attend

Chief Information Officers

Chief Information Security Officers

Chief Technology Officers

Chief Data Officers

Directors and Heads of Risk

Directors and Heads of Data

Directors and Heads of IT Infrastructure

Directors and Heads of Architecture

Directors and Heads of Cloud Architecture

Directors and Heads of IT Security

Heads of Security Architecture

Heads of Cloud Operations

Heads of Information Technology

RMiT Rising: How to Stay Resilient When the Rules Change