NCA Financial Sector Security Assessment
We ensure protection and compliance for Saudi-based financial enterprises with our ongoing NCA-based security assessment services.
What is NCA Security Assessment?
The NCA cybersecurity assessment in Saudi Arabia chiefly refers to the audit to review cybersecurity posture in the Kingdom. This service is usually provided by the National Cybersecurity Authority (NCA) in Saudi as an approach to determine NCA compliance with the Essential Cybersecurity Controls (ECC).
With the surge in cyber incidents, the NCA has made it mandatory to uphold cybersecurity measures in Saudi Arabia. It is now actively engaging in keeping all businesses Cyber safe throughout their operations regardless of their nature, size, and the extent of criticality they hold.
ECC introduced by the NCA sets minimum cybersecurity requirements for Saudi-operating businesses, especially those functioning within the highly regulated industrial sectors. Apart from the finances, there’re the healthcare, critical government and private business entities, particularly those operating, owning, and managing Critical National Infrastructures (CNI).
How can NCA Security Assessments protect Saudi Financial Enterprises from Cyber Threats?
“Financial institutes in Saudi Arabia get hit by an average of more than 200 cyberattacks (35%) every month”, reports Security Middle East.
Recent reports from the World Economic Forum revealed that about 72% of businesses experience increased overall cyber risks.
While these increasingly target an organization’s OT infrastructure, they strongly underpin the need to adopt robust cybersecurity measures.
Abiding by stringent regulatory mandates can effectively help a financial enterprise stay strong and resilient on both security and compliance terms.
This is one undeniable fact that the highly critical sectors in Saudi Arabia should make note of when undertaking security practices. Seeking high-profile security assessment services on a regular basis depicts the level of seriousness in safeguarding sensitive data for achieving business continuity and retaining customer trust.
An NCA-based security assessment is one such service that the Financial sector in Saudi can confidently rely on.
Case studies of organizations investing in cybersecurity have shown how undertaking regular security assessments have led to curtailing the risks of cyberattacks to a maximum extent through:
- Regular and confident reporting on the level of security.
- Ability to demonstrate the effectiveness of cybersecurity investment
- Develop metrics to calculate and improve cybersecurity ROI.
Make security your first step to achieving NCA compliance!
What Makes Our Security Assessment Service Unique in Saudi Arabia?
At Wattlecorp, we understand how crucial it is for every financial organization like you to safeguard all the sensitive information you store, whether it be on your critical systems or on cloud. We are also well aware of the strict cybersecurity laws and industrial standards that the Kingdom of Saudi Arabia (KSA) holds.
These uncompromising security standards, especially for businesses performing within highly regulated sectors should be maintained as they are. Doing is critically important to maintain data privacy standards and protect vital digital assets as far as these concern the financial sector.
It’s this realization that drives our security assessment service for your financial organization in Saudi Arabia.
Want to know how we help you achieve NCA Compliance for your financial enterprise? Read below.
Making Saudi Financial Institutions Audit-Ready with our expert NCA-Compliant Security Assessment Service
We follow a structured process to help your Saudi-based financial enterprise ensure security and thereby, become audit-ready with both industrial and national standards.
NCA-led Assessment Service Catering to Financial Institutions in Saudi Arabia
● A profound understanding of the latest cybersecurity framework requirements
under NCA Compliance, precisely updated ECC (Essential Cybersecurity
Controls)
● Assessment criteria tailored to Saudi-based banking regulations, especially
SAMA (Saudi Arabian Monetary Authority)
● Local expertise combined with knowledge about region-specific compliance
nuances
Comprehensive Service Coverage Offering
● Vulnerability assessment for ensuring infrastructure stability
● NCA Compliance review by checking on data protection and privacy measures
adopted
● Evaluating access control and identity management
● Testing incident response readiness
● Analyzing the risk management framework
Offering Action-Oriented Results
● Detailed assessment of identified gaps with steps for remediation
● Action plan based on priority ranking with clear implementation guidelines
● Monitoring remediation progress through follow-ups
● Preparing executive summary for reporting to the board
Preparing Audit-Ready Roadmap for One Month
● Discovery with planning - Week 1: Performing initial consultation with defining
the scope
● Comprehensive Assessment: Weeks 2-3: Conducting technical security testing
and scanning for vulnerabilities, mapping compliance framework against
NCA requirements
● Providing Action-oriented Results - Week 4: Preparing a detailed report with a
roadmap for prioritizing remediation
Why Trust Wattlecorp for your security and compliance needs?
Below are the reasons why our Saudi business clients trust us for:
- Years of experience and expertise in offering cybersecurity service.
- Strong foothold achieved from helping clients adhere to local, industrial, and national regulatory standards.
- Trust and reputation built with previous businesses in the B2B service arena.
- Well-trained and qualified cybersecurity professionals, adept at delivering out-of-the-box security assessment services from detection through to mitigation of vulnerabilities.
Recommended Services
Officially recommended by Hackers.
SAMA Compliance Consulting
Securing digital experience for finance organizations by fulfilling compliance requirements through the SAMA cybersecurity framework and building customer trust in the process.
Cybersecurity Compliance Certification (CCC) Assistance
Boosting security posture for businesses to stay compliant with specific national-cum-industrial standards through partnership with Saudi ARAMCO.
F.A.Q
Tip • Book a consultation to get personalised recommendations.
The NCA financial sector security assessment refers to the comprehensive security assessment frameworks, such as the Essential Cybersecurity Controls (ECC) and Critical Systems Cybersecurity Controls (CSCC) for regulating financial enterprises in Saudi Arabia. It also covers sector-specific controls (SAMA) handled by the Saudi Central Bank.
The NCA-based security assessment serves to:
- Identify, analyze, and address security gaps
- Maintain adherence to security standards from national, regional, and industrial levels.
- Protect critical infrastructure
- Achieve Vision 2030 goals
- Strengthen cybersecurity and audit-readiness
NCA security assessment for financial enterprises in Saudi Arabia stresses on mandating and ensuring compliance with the ECC framework under NCA. The security assessment should verify the latter’s implementation of robust cybersecurity measures. These should also consider:
- Placing adequate access controls
- Promptly responding to incidents
- Ensuring data privacy and protection
- Becoming resilient with evolving cyber threats
- Implement risk management techniques
Every organization, (big and small, public and private) should make it particular to undergo security assessments through Saudi’s NCA. However, those operating within critical sectors like finance, healthcare, energy, and government organizations handling CNI (Critical National Infrastructures) should mandatorily implement Essential Cybersecurity Controls (ECC).
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