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The CIMA Compliance Assistance is a compilation of individual assessments, performed by our on-island experts qualified as independent auditors and professional experience. These assessments, grouped together, provide your organisation the experienced professional needed to assist with guiding you through an examination.

Published in May 2020, the Cayman Islands Monetary Authority (“CIMA”) created guidance for identifying, protecting, and preventing cybersecurity threats for regulated entities. Within the Statement of Guidance for Cybersecurity (“SOG:C”) and the associated Rule (“SOG:R”), CIMA outlined 3 specific requirements for all regulated entities, where they:

  • “…must establish, implement, and maintain a documented cybersecurity framework” (CIMA SOG:C, 5.1a)
  • “…a well-documented cybersecurity risk management strategy” that includes “…cybersecurity and IT policies and procedures”, “…clearly identified managerial responsibilities and controls,”, and “…processes for responding to, containing and recovering from cyber attacks, breaches and incidents” (CIMA SOG:C, 5.1b)
  • “…regularly review the emerging (or evolving) cybersecurity threats and IT landscape.” (CIMA SOG:C, 5.1c)

Ember Lake has been assisting regulated entities on island prepare for their CIMA inspection since the creation of the SOG:C. By utilising an independent assessor such as Ember Lake, the deliverables are unrestricted by vendors and current IT support providers. This allows for an in-depth review that not only satisfies CIMA requirements, but also provides a “true to life” layout of the current implementation of cybersecurity controls.

The CIMA Compliance Assistance is a compilation of individual assessments, performed by our on-island experts qualified as independent auditors and professional experience. These assessments, grouped together, include:

  • Penetration Testing
  • Risk Assessment/Gap Analysis
  • Cybersecurity Framework Implementation & IT Policy Assistance

Contact us today to speak with one of our cyber professionals to see how Ember Lake can help.