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Joint Standards on IT Governance and Cybersecurity

Ensure your financial institution complies with the IT Governance and Cybersecurity Standards


Financial institutions must meet IT governance and cybersecurity compliance requirements to safeguard against cyber threats, operational risks and regulatory penalties.

The Joint Standard on IT Governance and Risk Management (effective 15 November 2024) and the Joint Standard on Cybersecurity and Cyber Resilience Requirements (effective 1 June 2025) set out mandatory compliance measures for financial institutions.

Non-compliance can result in financial penalties, reputational damage and increased cybersecurity risks. Ensuring compliance not only protects your business but also strengthens cyber resilience and risk management frameworks.


Who Must Comply with the Joint Standards?

The Joint Standards apply to a wide array of financial institutions, including financial services providers (FSPs). These requirements ensure that institutions implement robust IT governance and cybersecurity frameworks tailored to their size, complexity and risk exposure.

How Masthead Can Help You Comply with the Joint Standards

Masthead’s Joint Standards Compliance Service assists financial institutions in reviewing, implementing and maintaining compliance with the IT Governance and Cybersecurity Standards.

Our compliance specialists provide a structured, risk-based approach to help your business seamlessly integrate regulatory requirements.

Our IT Risk Management and Cybersecurity Compliance Services Include:

  • Gap analysis and risk assessment: Identify weaknesses in your IT governance and security framework.
  • Policy development and implementation: Develop policies that meet regulatory requirements, including Data security, Identity and access management, Endpoint device protection, Third-party security risk management and Change and vulnerability management.
  • Regulatory compliance guidance: Navigate the complexities of the FSCA and Prudential Authority’s Joint Standards.
  • Ongoing compliance monitoring: Stay compliant with monthly, quarterly or annual reviews.

Masthead can also refer a third-party IT provider for IT risk management and cybersecurity services or work alongside a financial institution’s existing IT service provider to integrate compliance requirements into your current infrastructure.

Get in touch with us today to ensure compliance with both the IT governance and cybersecurity compliance standards.


Why Choose Masthead?

As a trusted compliance partner with over 20 years of experience, Masthead helps financial institutions stay ahead of evolving regulatory requirements. Our expert team simplifies the compliance process, reducing risk and ensuring a resilient IT and cybersecurity framework.


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MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

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