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Logical Security (IAM, PAM)
Contents
On 25 August 2020, the Commission de Surveillance du Secteur Financier (CSSF) published Circular 20/750 on requirements regarding information and communication technology (ICT) and security risk management, implementing in Luxembourg the EBA Guidelines on ICT and security risk management.
This circular came into force on 25 August, and is therefore directly applicable. In this circular, an important part is about the Logical Security. This topics includes numerous best practices related to Identity and Access Management (IAM, IAG) and Privilege Access Management (PAM).
During our webinar, Jean-Hubert Antoine (CISO and Senior Manager at Grant Thornton Luxembourg), in collaboration with our partner Grabowsky (represented by Desire Noel), presented the key points to focus on to ensure a sufficient level of compliance on the Logical Security side.
Missed the webinar on this topic? Find below the key question raised during this webinar!
The CSSF Circular 20/750 is composed of many sections, and therefore seems to be a long way to comply to it. Are there any quick wins or easy way to reach a satisfying level of compliance quite quickly ?
An mandatory requirement of the circular is the definition of the ICT and security objectives and strategy and its alignment with the business objectives. We usually need a few ours to setup that with our customers. This is a nice quick win to start with. Another one is to setup a Security/Risk Committee to ensure the mandatory management review.
Are you keen to know more about this topic?
Speak to Jean-Hubert Antoine or to our business partner Désiré Noël to get more information on how to comply with the CSSF Circular 20/750.
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Authors
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Jean-Hubert Antoine Senior Manager and CISO at Grant Thornton Luxembourg. Jean-Hubert has over 26 years of experience in Information Security services and has a wide experience in providing security consulting and training services for all kind of organisations. He is specialised in Information Security Governance, Risk Management and Compliance, Cyber Security Management, Information Security Operations and Infrastructure Privacy - Data Protection, Information Security Awareness, Education and Trainings. -
Désiré Noël General Manager and Co-owner at Grabowsky, Belgium and Luxembourg. His key strength is guiding prospects and clients towards successful IAM/IAG/IGA implementations in their organisations, starting from building the business case with the client until implementing a gradual migration from the current situation into fully functional Identity Driven Security. Désiré’s key values are business ethics and family atmosphere not only in his own team but also in the customer community.
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