Comprehensive IT Supervision by BAIT Standards , Germany

Rooted in the German Banking Act (KWG), BAIT provides comprehensive guidelines for financial institutions to establish appropriate technical and organizational resources for their IT systems, with a particular emphasis on information security requirements and robust contingency planning. The framework serves as the principal component of IT supervision in the German banking sector. It is primarily targeted at a wide range of institutions including commercial banks, savings banks, cooperative banks, insurance companies, investment firms, payment service providers, and their outsourced IT service providers.

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Complying with the BAIT Standards , Germany

The Banking Supervision Requirements for IT (BAIT) is a compliance standard that defines the statutory requirements of Section 25A of the German Banking Act (Kreditwesengesetz, KWG). The authority’s catalog of requirements explains how financial institutions in Germany must set up appropriate technical and organizational resources for their IT systems. As per the standard guidelines of BAIT, the operators of critical banking infrastructure and essential services implement appropriate security measures and report any incidents to the relevant authorities. ARCON’s highly mature Privileged Access Management (PAM), along with other enterprise risk remediation solutions, can help enterprises comply with the BAIT mandates.

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Banking Supervision Requirements for IT (BAIT)

Comprehensive IT Supervision by BAIT Standards , Germany

Complying with the BAIT Standards , Germany

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