+Asset Classification and Documentation

Asset Classification and Documentation

Identify, classify and document all ICT-supported business functions, including the assets supporting them, and detail the roles and dependencies of these assets in relation to ICT risk. Additionally, identify and document all ICT-supported business functions dependent on ICT third-party service providers, and identify the services provided by third-party providers that support critical or important business functions. Make a mapping of critical (ICT) assets based on a criticality assessment, which must include network resources, hardware equipment, and resources on remote sites. This mapping should also incorporate the configuration of assets and their links and interdependencies with other assets. The criticality assessment should follow clear criteria to evaluate the ICT risk related to business functions, taking into account the potential impact of confidentiality, integrity, and availability losses. Review the adequacy of this classification and documentation at least on a yearly basis, ensuring it meets the requirements for maintaining accurate and up-to-date asset records.

 

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Regulations

2. Identified Requirements

Requirements

3. Related Regulations

Regulations
EULAW Article 7 ICT systems, protocols and tools

In order to address and manage ICT risk, financial entities shall use and maintain updated ICT systems, protocols and tools that are:
EULAW Article 8 1

1.   As part of the ICT risk management framework referred to in Article 6(1), financial entities shall identify, classify and adequately document all ICT supported business functions, roles and responsibilities, the information assets and ICT assets supporting those functions, and their roles and dependencies in relation to ICT risk. Financial entities shall review as needed, and at least yearly, the adequacy of this classification and of any relevant documentation.
EULAW Article 8 5

5.   Financial entities shall identify and document all processes that are dependent on ICT third-party service providers, and shall identify interconnections with ICT third-party service providers that provide services that support critical or important functions.
EULAW Article 8 6

6.   For the purposes of paragraphs 1, 4 and 5, financial entities shall maintain relevant inventories and update them periodically and every time any major change as referred to in paragraph 3 occurs.
EULAW Article 4 1.
As part of the ICT security policies, procedures, protocols, and tools referred to in Article 9(2) of Regulation (EU) 2022/2554, financial entities shall develop, document, and implement a policy on management of ICT assets.
EULAW Article 4 2.

The policy on management of ICT assets referred to in paragraph 1 shall:

(a) 

prescribe the monitoring and management of the lifecycle of ICT assets identified and classified in accordance with Article 8(1) of Regulation (EU) 2022/2554;

(b) 

prescribe that the financial entity keeps records of all of the following:

(i) 

the unique identifier of each ICT asset;

(ii) 

information on the location, either physical or logical, of all ICT assets;

(iii) 

the classification of all ICT assets, as referred to in Article 8(1) of Regulation (EU) 2022/2254;

(iv) 

the identity of ICT asset owners;

(v) 

the business functions or services supported by the ICT asset;

(vi) 

the ICT business continuity requirements, including recovery time objectives and recovery point objectives;

(vii) 

whether the ICT asset can be or is exposed to external networks, including the internet;

(viii) 

the links and interdependencies among ICT assets and the business functions using each ICT asset;

(ix) 

where applicable, for all ICT assets, the end dates of the ICT third-party service provider’s regular, extended, and custom support services after which those ICT assets are no longer supported by their supplier or by an ICT third-party service provider;

(c) 

for financial entities other than microenterprises, prescribe that those financial entities keep records of the information necessary to perform a specific ICT risk assessment on all legacy ICT systems referred to in Article 8(7) of Regulation (EU) 2022/2554.
EULAW Article 5 1.
Financial entities shall develop, document, and implement a procedure for the management of ICT assets.
EULAW Article 5 2.

The procedure for management of ICT assets referred to in paragraph 1 shall specify the criteria to perform the criticality assessment of information assets and ICT assets supporting business functions. That assessment shall take into account:

(a) 

the ICT risk related to those business functions and their dependencies on the information assets or ICT assets;

(b) 

how the loss of confidentiality, integrity, and availability of such information assets and ICT assets would impact the business processes and activities of the financial entities.