MOF Cyber Security Instructions for Institutional Organization

MOF Cyber Security Instructions for Institutional Organization

Israel Ministry of Finance (MOF) published on 14-09-2016 cyber security Instructions for Institutional Organizations that will take effect on 04.02.2017 (except for certain parts take effect only in October 2017). It applies to all financial institutions and aims to establish "principles of protecting the company's assets to ensure the protection of the rights of members and policyholders by maintaining the confidentiality, integrity and availability of information assets, information systems, business processes and proper operation of the financial institution.

Cyber risk management activities include the prevention, neutralization, investigation and dealing with cyber threats and events, to reduce the impact and damage caused by them, before they occur, during and afterwards.

Although most companies are not obligated to these instructions they are recommended to be taken as a baseline for Israeli standards in cyber security .

Hebrew: משרד האוצר – חוזר גופים מוסדיים 2016-09-14, ניהול סיכוני סייבר בגופים מוסדיים