+RTS ICT Risk Management T. II Ch. I Sec. 4 Art. 6 , 4

1. Overview

RTS ICT Risk Management T. II Ch. I Sec. 4 Art. 6 , 4

4. Financial entities shall include in the policy on encryption and cryptographic controls referred to in paragraph 1provisions for updating or changing, where necessary, the cryptographic technology on the basis of developments incryptanalysis. Those updates or changes shall ensure that the cryptographic technology remains resilient against cyberthreats, as required by Article 10(2), point (a). Financial entities that are not able to update or change the cryptographictechnology shall adopt mitigation and monitoring measures that ensure resilience against cyber threats.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
NOREA Data Encryption
Define rules for encrypting data at rest, in transit, and, where applicable, in use, considering data classification and risk assessments. Specify procedures when encryption of data in use is not feasible, ensuring processing in a separate and protected environment or taking equivalent measures. Implement rules for encrypting internal network connections and traffic with external parties, aligned with data classification and risk assessments.
NOREA Cryptographic Key Management and Lifecycle
Establish protocols for the proper use, protection, and lifecycle management of cryptographic keys. Define criteria for selecting cryptographic techniques and practices, incorporating best practices and industry standards. Employ mitigation and monitoring measures if adherence to these practices and standards is not possible. Outline requirements for managing and controlling cryptographic keys throughout their lifecycle, including generation, storage, backup, archiving, retrieval, transmission, retirement, revocation, and destruction. Establish methods to recover cryptographic keys in case of loss, compromise, or damage. Monitor crypto-analysis developments and, when necessary, update or change cryptographic technology. Implement mitigation and monitoring measures if changing or updating the cryptographic technology is not feasible. Maintain a register for all certificates and certificate storing devices.
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