Chilean Financial Sector Hit With New Cyber Rules

The Chilean government has issued a series of changes to its cybersecurity standards, increasing incident reporting requirements for banks and non-bank payment card issuers and operators.

The Superintendency of Banks and Financial Institutions of Chile (SBIF) recently issued changes to Chapters 20-8 and 1-13 of its Updated Compilation of Standards to strengthen the public’s faith in financial institutions.

“From now on, it will be mandatory to promptly inform users and customers about incidents that affect the quality or continuity of services, the security of their personal data or whether it is a matter of public knowledge,” the SBIF said.

To continue reading...

Our Key Benefits


Gain a precise view of the current and forthcoming rules 
See every rule currently in force, as well as future proposed changes and effective dates

Immediate access to the most up-to-date regulatory information
Receive real-time updates as soon as changes are announced

Interpret key points with expert commentary
Access expert commentary to help you interpret the rules and impact of rule changes

Compare regulation across jurisdictions
Compare rules and the implementation of those rules across multiple jurisdictions and sectors

Streamline your management of regulatory change
Add personal notes to rulebook sections, document your tasks and actions and share key information with colleagues