02271cas a2200241 a 4500 AALejournalIMF021276 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513557441 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Belize : Technical Assistance Report-Cybersecurity, Regulation, Supervision, and Resilience. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (22 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Cybersecurity risk is embedded in the CBB's supervisory framework, but additional enhancements are needed to formalize guidance and develop more intensive supervisory practices. Supervisory expectations on cybersecurity are presented in an informal guidance note, which should be formalized into regulation to ensure enforceability; and an IT/cybersecurity supervisory manual should be developed to promote effective and consistent practices. With its principle-based guidance note, the CBB highlights its priorities in strengthening the cybersecurity posture of Belizean financial institutions. The principles are an appropriate interpretation of international best practices on incident prevention, detection, response, and recovery measures, adapted to the cyber maturity of the Belizean financial institutions, and can be used as a foundation for the formalized guidelines. The manual could emphasize the review of cybersecurity strategies, policies, and responsibility specifications and should address obtaining assurance on the effectiveness of the financial institutions' processes for cyber risk identification, assessment, and mitigation. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/283 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/283/002.2020.issue-283-en.xml IMF e-Library