Complying with Bank Negara Malaysia Risk Management in Technology (RMiT) Guidelines

The Risk Management in Technology (RMiT) is a set of policies relating to managing technological risks in the financial sector. It initially went into effect on June 1, 2019, and was last updated on June 1, 2023.

The RMiT has broad implications and affects licensed local and international banks, insurers, takaful operations, financial institutions, issuers of e-money and operators of designated payment systems.

The purpose of the policy is to help Malaysian financial institutions establish necessary frameworks, management structures, policies and procedures to ensure that said institutions maintain their cyber exposure to a level commensurate to their risk.