We are almost six month into 2024, and this year has already
been transformative for IT and cyber security law and regulation in
Bermuda.
And all of those developments continue a recent and robust trend
of IT and cyber law reform in Bermuda.
On 22 January 2024, the Bermuda Monetary Authority's ( BMA
) 2024 Business Plan confirmed its continuing focus on cyber risk
supervision, its interest in considering how AI will impact
financial services, and its commitment to its IT Strategy: Vision
2025.
As well, the BMA has made clear the real connection that exists
between IT and cyber operational risk, outsourcing transactions,
business continuity planning and data protection across the
critical infrastructure that the BMA regulates.
