AI Summary of Article 9 Protection and prevention
Financial entities are mandated to consistently monitor and manage the security of their ICT systems to mitigate risks effectively. This includes deploying suitable security tools and procedures to ensure the resilience and availability of critical functions while safeguarding data integrity, authenticity, and confidentiality.
Entities must establish a comprehensive ICT risk management framework, which includes documenting security policies, managing access rights, implementing robust change management protocols, and ensuring strong authentication mechanisms. These measures collectively aim to protect data from various risks, thereby enhancing the overall security posture of the financial institution.
Article 9 Protection and prevention
1. For the purposes of adequately protecting ICT systems and with a view to organising response measures, financial entities shall continuously monitor and control the security and functioning of ICT systems and tools and shall minimise the impact of ICT risk on ICT systems through the deployment of appropriate ICT security tools, policies and procedures.
2. Financial entities shall design, procure and implement ICT security policies, procedures, protocols and tools that aim to ensure the resilience, continuity and availability of ICT systems, in particular for those supporting critical or important functions, and to maintain high standards of availability, authenticity, integrity and confidentiality of data, whether at rest, in use or in transit.
3. In order to achieve the objectives referred to in paragraph 2, financial entities shall use ICT solutions and processes that are appropriate in accordance with Article 4. Those ICT solutions and processes shall:
(a) ensure the security of the means of transfer of data;
(b) minimise the risk of corruption or loss of data, unauthorised access and technical flaws that may hinder business activity;
(c) prevent the lack of availability, the impairment of the authenticity and integrity, the breaches of confidentiality and the loss of data;
(d) ensure that data is protected from risks arising from data management, including poor administration, processing- related risks and human error.