CCRTM-MCLF Exam Dumps | iCAST is one of three components within which broader HKMA framework?

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CREST.CCRTM-MCLF.v2026-10-05.q129
Question 105

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Question 105/129

iCAST is one of three components within which broader HKMA framework?

A. The Hong Kong Data Protection Ordinance

B. The Anti-Money Laundering Ordinance

C. The Cyber Resilience Assessment Framework (C-RAF)

D. The Basel III Capital Framework

Correct Answer: C

iCAST sits alongside an Inherent Risk Assessment and a Maturity Assessment as one of the three core components of the HKMA's Cyber Resilience Assessment Framework (A-RAF), which together give a structured, tiered approach to assessing and improving a bank's cyber resilience. Basel III (D) concerns capital adequacy, not cyber testing; the Data Protection Ordinance (A) is Hong Kong's data protection law, relevant to how testing must handle personal data but not the framework iCAST belongs to; and the Anti-Money Laundering Ordinance (B) addresses financial crime controls, unrelated to cyber resilience testing.

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