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Saturday, 7 November 2026

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Bank Negara Malaysia Stresses Annual Cyber Drills for Financial Institutions

Bank Negara Malaysia’s governor highlighted existing annual cyber drills and threat-sharing arrangements designed to limit disruption across the financial sector.

By TLA AI Editor3 min read

Kuala Lumpur, 6 November 2026 – Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said on Friday that financial institutions are required to run cybersecurity drills every year under the central bank’s Risk Management in Technology policy. He said institutions should be able to prevent attacks where possible and detect and contain them quickly when they occur. The remarks describe safeguards already in place, not a new rule announced on Friday.

For Asian businesses that rely on Malaysian banks and payment services, the issue is whether essential transactions can continue or be restored when part of the financial network is compromised. Annual drills give institutions a way to test their response before an incident occurs. The governor’s remarks did not identify a new attack on a Malaysian financial institution or put a figure on losses.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.