Bermuda Monetary Authority
The cyber baseline for Bermuda's regulated insurers and financial institutions.
64 mapped controls
What it is
The Bermuda Monetary Authority's Operational Cyber Risk Management Code of Conduct sets the cybersecurity expectations for entities it regulates — insurers, banks, and investment firms. It requires a documented cyber risk program, board oversight, incident reporting, and regular assessment, and it has been tightening steadily as Bermuda positions itself as a credible, well-regulated market. GovernIQ maps the Code's requirements to concrete controls so a sole IT leader can stand up a compliant program without a dedicated security team.
Who it applies to
- Bermuda-licensed insurers and reinsurers
- Banks and deposit-taking institutions
- Investment and fund administration firms
How GovernIQ maps it
- 1
Profile your entity
The Cyber Profile Engine determines which parts of the Code apply to you.
- 2
Map to controls
Each requirement is mapped to a concrete, assessable control.
- 3
Assess and remediate
Gaps become prioritized tasks with owners and due dates.
- 4
Report to the board
Generate the board and regulator-ready evidence the BMA expects.
Sample control crosswalk
| Control | Mapped across frameworks |
|---|---|
| Access enforcement | BMA 4.2ISO A.5.15NIST PR.AC-1 |
| Incident reporting | BMA 6.1ISO A.5.24NIST RS.RP-1 |
| Board oversight | BMA 2.1ISO A.5.1NIST GV.RR-1 |