Challenge
A leading Saudi Arabian insurance provider with a legacy nearly 50 years strong needed to bring its operations into compliance with the latest Saudi Arabian Monetary Authority (SAMA) and National Data Management Office (NDMO) regulations. As mandatory legal requirements for its sector, failure to meet these regulations could seriously damage the company’s ability to operate within its market. With limited internal capacity to ensure rigorous compliance, nothing could be left up to chance. It was time to seek a third-party gap assessment performed by an expert authority recognized by SAMA, NCA & NDMO.
Solution
Kualitatem’s deep expertise in compliance and cybersecurity contextualized for the Saudi market and legal landscape made our team an obvious choice. Our comprehensive gap assessment, part of the Strategy & Assessment component of our Kualitatem Cybersecurity Service Framework, included a thorough evaluation of their risk management frameworks and internal control systems. We developed a tailored roadmap to bridge the compliance gaps and enhance their security posture, enabling our client to eliminate the disparity between their stated regulatory compliance with SAMA & NDMO and their real-world implementation.