Insurance Company Meets OSFI B-13 Cyber Security Requirements
Customer Challenge
In 2022, the Office of the Superintendent of Financial Institutions (OSFI) of Canada released its final version of Guideline B-13 - Technology and Cyber Risk Management. These guidelines, effective January 1, 2024, establish expectations for how federally regulated financial institutions (FRFIs)* should manage technology and cyber risks across three domains: Governance and Risk Management; Technology Operations and Resilience; Cyber Security.